NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN
Plan Contact
- Address: 9 MOHAWK DRIVE,LEOMINSTER,MA
- Contact person: AMANDA SMITH
- Phone: (978) 401-2200
Plan General Information
NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN is 368
NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN is $1,702.00.
NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN is approximately $724.00
Investing in this additonal $724.00 for 20 years would give you extra $46,382.00, assuming a 10% annual return.
Investing in this additonal $724.00 for 20 years would give you extra $46,382.00, assuming a 10% annual return.
NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, NEW ENGLAND WIRE PRODUCTS CO., INC. 401(K) PLAN allocates $266,701.00 to match its employees' contributions, providing an employer match rate of 42.39% of their contributions
Enrollment Features
NEW ENGLAND WIRE PRODUCTS CO., 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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