PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN
Plan Contact
- Address: PO BOX 929,FARMINGTON,NM
- Contact person: LINDA RODGERS
- Phone: (505) 327-2222
Plan General Information
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN is $9,978,316.00.This plan was established in 1999.
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN is 385
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN is $25,917.00
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN is $3,429.00.
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN is approximately $1,616.00
Investing in this additonal $1,616.00 for 20 years would give you extra $103,483.00, assuming a 10% annual return.
Investing in this additonal $1,616.00 for 20 years would give you extra $103,483.00, assuming a 10% annual return.
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN allocates $622,517.00 to match its employees' contributions, providing an employer match rate of 94.31% of their contributions
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN is 4.01%.
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN is 11.21%. This measures the effectiveness of the plan participants' investments in the year.
PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PROCESS EQUIPMENT & SERVICE COMPANY, INC. 401(K) PLAN is 0.89%.
Enrollment Features
PROCESS EQUIPMENT & SERVICE COMPANY, 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.
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