NEW ENGLAND BOATWORKS, INC. 401(K) PLAN

Plan Contact

  • Address: ONE LAGOON ROAD,PORTSMOUTH,RI
  • Phone: (401) 683-4000

Plan General Information

NEW ENGLAND BOATWORKS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2019, the total number of retirement plan participants in NEW ENGLAND BOATWORKS, INC. 401(K) PLAN is 126

NEW ENGLAND BOATWORKS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for NEW ENGLAND BOATWORKS, INC. 401(K) PLAN is $3,218.00.

NEW ENGLAND BOATWORKS, INC. 401(K) PLAN Estimated Average Employer Match

In 2019, the estimated average employer match for an employee in NEW ENGLAND BOATWORKS, INC. 401(K) PLAN is approximately $2,541.00
Investing in this additonal $2,541.00 for 20 years would give you extra $162,677.00, assuming a 10% annual return.

NEW ENGLAND BOATWORKS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2019, NEW ENGLAND BOATWORKS, INC. 401(K) PLAN allocates $320,271.00 to match its employees' contributions, providing an employer match rate of 157.94% of their contributions

Enrollment Features

NEW ENGLAND BOATWORKS, 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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