MERLE BOES, INC 401(K) PLAN
Plan Contact
- Address: 11372 EAST LAKEWOOD BOULEVARD,HOLLAND,MI
- Contact person: TARA EVANS, FOR TAG RESOURCES
- Phone: (616) 437-2012
Plan General Information
MERLE BOES, INC 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of MERLE BOES, INC 401(K) PLAN is $6,998,529.00.This plan was established in 1987.
MERLE BOES, INC 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in MERLE BOES, INC 401(K) PLAN is 158
MERLE BOES, INC 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for MERLE BOES, INC 401(K) PLAN is $44,294.00
MERLE BOES, INC 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for MERLE BOES, INC 401(K) PLAN is $2,037.00.
MERLE BOES, INC 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in MERLE BOES, INC 401(K) PLAN is approximately $1,056.00
Investing in this additonal $1,056.00 for 20 years would give you extra $67,594.00, assuming a 10% annual return.
Investing in this additonal $1,056.00 for 20 years would give you extra $67,594.00, assuming a 10% annual return.
MERLE BOES, INC 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, MERLE BOES, INC 401(K) PLAN allocates $166,873.00 to match its employees' contributions, providing an employer match rate of 51.03% of their contributions
MERLE BOES, INC 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of MERLE BOES, INC 401(K) PLAN is -14.09%.
MERLE BOES, INC 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for MERLE BOES, INC 401(K) PLAN is -14.67%. This measures the effectiveness of the plan participants' investments in the year.
MERLE BOES, INC 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of MERLE BOES, INC 401(K) PLAN is 0.78%.
Enrollment Features
MERLE BOES, INC 401(K) PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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