OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN
Plan Contact
- Address: PO BOX 11967,ROANOKE,VA
- Contact person: TRACY G. SMITH
- Phone: (540) 265-0690
Plan General Information
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN is $18,660,725.00.This plan was established in 1994.
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN is 361
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN is $51,691.00
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN is $2,554.00.
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN is approximately $144.00
Investing in this additonal $144.00 for 20 years would give you extra $9,257.00, assuming a 10% annual return.
Investing in this additonal $144.00 for 20 years would give you extra $9,257.00, assuming a 10% annual return.
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN allocates $52,218.00 to match its employees' contributions, providing an employer match rate of 5.77% of their contributions
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN is 11.86%.
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN is 15.21%. This measures the effectiveness of the plan participants' investments in the year.
OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of OPTICAL CABLE CORPORATION EMPLOYEES' 401(K) PLAN is 0.22%.
Enrollment Features
OPTICAL CABLE CORPORATION EMPLOYEES' 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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