PANEK PRECISION PRODUCTS LLC., 401(K) PLAN
Plan Contact
- Address: 455 ACADEMY DRIVE,NORTHBROOK,IL
- Phone: (847) 291-9755
Plan General Information
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PANEK PRECISION PRODUCTS LLC., 401(K) PLAN is $3,366,094.00.This plan was established in 1974.
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PANEK PRECISION PRODUCTS LLC., 401(K) PLAN is 182
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PANEK PRECISION PRODUCTS LLC., 401(K) PLAN is $18,495.00
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PANEK PRECISION PRODUCTS LLC., 401(K) PLAN is $3,866.00.
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PANEK PRECISION PRODUCTS LLC., 401(K) PLAN is approximately $1,036.00
Investing in this additonal $1,036.00 for 20 years would give you extra $66,355.00, assuming a 10% annual return.
Investing in this additonal $1,036.00 for 20 years would give you extra $66,355.00, assuming a 10% annual return.
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, PANEK PRECISION PRODUCTS LLC., 401(K) PLAN allocates $188,698.00 to match its employees' contributions, providing an employer match rate of 53.63% of their contributions
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PANEK PRECISION PRODUCTS LLC., 401(K) PLAN is 24.48%.
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PANEK PRECISION PRODUCTS LLC., 401(K) PLAN is 5.44%. This measures the effectiveness of the plan participants' investments in the year.
PANEK PRECISION PRODUCTS LLC., 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PANEK PRECISION PRODUCTS LLC., 401(K) PLAN is 0.01%.
Enrollment Features
PANEK PRECISION PRODUCTS LLC., 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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