NORWOOD MANAGEMENT, INC. 401(K) PLAN

Plan Contact

  • Address: 2901 W. SAM HOUSTON PKWY N.,,HOUSTON,TX
  • Contact person: MIKE NIJOKA
  • Phone: (713) 937-1121

Plan General Information

NORWOOD MANAGEMENT, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of NORWOOD MANAGEMENT, INC. 401(K) PLAN is $19,075,484.00.This plan was established in 1994.

NORWOOD MANAGEMENT, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in NORWOOD MANAGEMENT, INC. 401(K) PLAN is 184

NORWOOD MANAGEMENT, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for NORWOOD MANAGEMENT, INC. 401(K) PLAN is $103,671.00

NORWOOD MANAGEMENT, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for NORWOOD MANAGEMENT, INC. 401(K) PLAN is $9,163.00.

NORWOOD MANAGEMENT, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in NORWOOD MANAGEMENT, INC. 401(K) PLAN is approximately $4,307.00
Investing in this additonal $4,307.00 for 20 years would give you extra $275,662.00, assuming a 10% annual return.

NORWOOD MANAGEMENT, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, NORWOOD MANAGEMENT, INC. 401(K) PLAN allocates $792,530.00 to match its employees' contributions, providing an employer match rate of 57.66% of their contributions

NORWOOD MANAGEMENT, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of NORWOOD MANAGEMENT, INC. 401(K) PLAN is 24.87%.

NORWOOD MANAGEMENT, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for NORWOOD MANAGEMENT, INC. 401(K) PLAN is 19.07%. This measures the effectiveness of the plan participants' investments in the year.

NORWOOD MANAGEMENT, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of NORWOOD MANAGEMENT, INC. 401(K) PLAN is 0.36%.

Enrollment Features

NORWOOD MANAGEMENT, 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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