KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN
Plan Contact
- Address: 22350 MERCHANTS WAY,KATY,TX
- Contact person: KARAN CARABALLO
- Phone: (281) 888-8430
Plan General Information
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN is $10,234,167.00.This plan was established in 2013.
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN is 124
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN is $82,533.00
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN is $2,896.00.
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN is approximately $2,684.00
Investing in this additonal $2,684.00 for 20 years would give you extra $171,820.00, assuming a 10% annual return.
Investing in this additonal $2,684.00 for 20 years would give you extra $171,820.00, assuming a 10% annual return.
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN allocates $332,902.00 to match its employees' contributions, providing an employer match rate of 61.13% of their contributions
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN is 0.36%.
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN is 15.38%. This measures the effectiveness of the plan participants' investments in the year.
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN is 0.91%.
Enrollment Features
KOBELCO CONSTRUCTION MACHINERY USA, INC. 401(K) PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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