PARR INSTRUMENT COMPANY 401(K) PLAN
Plan Contact
- Address: 211 53RD ST,MOLINE,IL
- Contact person: RANDY STEINING
- Phone: (309) 762-7716
Plan General Information
PARR INSTRUMENT COMPANY 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PARR INSTRUMENT COMPANY 401(K) PLAN is $27,145,029.00.This plan was established in 1987.
PARR INSTRUMENT COMPANY 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PARR INSTRUMENT COMPANY 401(K) PLAN is 134
PARR INSTRUMENT COMPANY 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PARR INSTRUMENT COMPANY 401(K) PLAN is $202,574.00
PARR INSTRUMENT COMPANY 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PARR INSTRUMENT COMPANY 401(K) PLAN is $6,635.00.
PARR INSTRUMENT COMPANY 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PARR INSTRUMENT COMPANY 401(K) PLAN is approximately $5,704.00
Investing in this additonal $5,704.00 for 20 years would give you extra $365,103.00, assuming a 10% annual return.
Investing in this additonal $5,704.00 for 20 years would give you extra $365,103.00, assuming a 10% annual return.
PARR INSTRUMENT COMPANY 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, PARR INSTRUMENT COMPANY 401(K) PLAN allocates $764,435.00 to match its employees' contributions, providing an employer match rate of 91.07% of their contributions
PARR INSTRUMENT COMPANY 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PARR INSTRUMENT COMPANY 401(K) PLAN is 17.96%.
PARR INSTRUMENT COMPANY 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PARR INSTRUMENT COMPANY 401(K) PLAN is 14.47%. This measures the effectiveness of the plan participants' investments in the year.
PARR INSTRUMENT COMPANY 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PARR INSTRUMENT COMPANY 401(K) PLAN is 0.02%.
Enrollment Features
PARR INSTRUMENT COMPANY 401(K) PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Recent Articles
- Special Issue: Staying the Course Amid Market Turmoil
- A Step-by-Step Guide to Finding Your Old 401(k) Account
- How Paying Credit Card Interest Often Hurts Your Credit Score
- The ABCs of Roth Conversions: Backdoor, Mega Backdoor, and More
- April 2025 MyPlanIQ Portfolio Update
- Paying Off Debt or Funding Retirement? How to Decide When Every Dollar Counts
- The Right Way to Withdraw from Your 401(k) Without Regret
- Retirement Plan Contribution Limits in 2025
- Need to Withdraw From Your 401(k)? Follow This Order: Hardship Withdrawal, 401(k) Loan, and Penalty Withdrawal
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …