PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN

Plan Contact

  • Address: 799 NORTH PIKE ROAD,CABOT,PA
  • Contact person: MICHAEL GORE
  • Phone: (724) 352-1507

Plan General Information

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN is $79,538,869.00.This plan was established in 1992.

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN is 841

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN is $94,576.00

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN is $4,700.00.

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN is approximately $3,113.00
Investing in this additonal $3,113.00 for 20 years would give you extra $199,248.00, assuming a 10% annual return.

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN allocates $2,618,251.00 to match its employees' contributions, providing an employer match rate of 68.80% of their contributions

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN is -4.83%.

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN is -6.90%. This measures the effectiveness of the plan participants' investments in the year.

PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of PENN UNITED TECHNOLOGIES, INC. 401(K) PLAN is 0.21%.

Enrollment Features

PENN UNITED TECHNOLOGIES, 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.
    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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