RMF ENGINEERING, INC. 401(K) PLAN
Plan Contact
- Address: 5520 RESEARCH PARK DRIVE, SUITE 300,BALTIMORE,MD
- Contact person: SANDRA BURCH
- Phone: (410) 576-0505
Plan General Information
RMF ENGINEERING, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RMF ENGINEERING, INC. 401(K) PLAN is $57,977,612.00.This plan was established in 1985.
RMF ENGINEERING, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RMF ENGINEERING, INC. 401(K) PLAN is 391
RMF ENGINEERING, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RMF ENGINEERING, INC. 401(K) PLAN is $148,280.00
RMF ENGINEERING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RMF ENGINEERING, INC. 401(K) PLAN is $9,382.00.
RMF ENGINEERING, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RMF ENGINEERING, INC. 401(K) PLAN is approximately $4,272.00
Investing in this additonal $4,272.00 for 20 years would give you extra $273,425.00, assuming a 10% annual return.
Investing in this additonal $4,272.00 for 20 years would give you extra $273,425.00, assuming a 10% annual return.
RMF ENGINEERING, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, RMF ENGINEERING, INC. 401(K) PLAN allocates $1,670,459.00 to match its employees' contributions, providing an employer match rate of 91.06% of their contributions
RMF ENGINEERING, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RMF ENGINEERING, INC. 401(K) PLAN is 17.25%.
RMF ENGINEERING, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RMF ENGINEERING, INC. 401(K) PLAN is 18.44%. This measures the effectiveness of the plan participants' investments in the year.
RMF ENGINEERING, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of RMF ENGINEERING, INC. 401(K) PLAN is 0.33%.
Enrollment Features
RMF ENGINEERING, 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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