POWERSECURE, INC. 401(K) RETIRMENT PLAN
Plan Contact
- Address: 4068 STIRRUP CREEK DRIVE,DURHAM,NC
- Contact person: SHEILA BRECKENRIDGE
- Phone: (919) 453-2127
Plan General Information
POWERSECURE, INC. 401(K) RETIRMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of POWERSECURE, INC. 401(K) RETIRMENT PLAN is $61,407,139.00.This plan was established in 1993.
POWERSECURE, INC. 401(K) RETIRMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in POWERSECURE, INC. 401(K) RETIRMENT PLAN is 1404
POWERSECURE, INC. 401(K) RETIRMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for POWERSECURE, INC. 401(K) RETIRMENT PLAN is $43,737.00
POWERSECURE, INC. 401(K) RETIRMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for POWERSECURE, INC. 401(K) RETIRMENT PLAN is $3,612.00.
POWERSECURE, INC. 401(K) RETIRMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in POWERSECURE, INC. 401(K) RETIRMENT PLAN is approximately $1,539.00
Investing in this additonal $1,539.00 for 20 years would give you extra $98,540.00, assuming a 10% annual return.
Investing in this additonal $1,539.00 for 20 years would give you extra $98,540.00, assuming a 10% annual return.
POWERSECURE, INC. 401(K) RETIRMENT PLAN Total Employer Contribution and Match Rate
In 2023, POWERSECURE, INC. 401(K) RETIRMENT PLAN allocates $2,161,733.00 to match its employees' contributions, providing an employer match rate of 41.01% of their contributions
POWERSECURE, INC. 401(K) RETIRMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of POWERSECURE, INC. 401(K) RETIRMENT PLAN is 13.64%.
POWERSECURE, INC. 401(K) RETIRMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for POWERSECURE, INC. 401(K) RETIRMENT PLAN is 18.33%. This measures the effectiveness of the plan participants' investments in the year.
POWERSECURE, INC. 401(K) RETIRMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of POWERSECURE, INC. 401(K) RETIRMENT PLAN is 0.23%.
Enrollment Features
POWERSECURE, INC. 401(K) RETIRMENT 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.
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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