THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT
Plan Contact
- Address: 95 OLD RIVER ROAD,ANDOVER,MA
- Contact person: KEVIN J. OUELLETTE
- Phone: (978) 475-3300
Plan General Information
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT is $69,627,750.00.This plan was established in 1963.
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT is 322
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT is $216,235.00
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT is $8,412.00.
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT is approximately $7,883.00
Investing in this additonal $7,883.00 for 20 years would give you extra $504,515.00, assuming a 10% annual return.
Investing in this additonal $7,883.00 for 20 years would give you extra $504,515.00, assuming a 10% annual return.
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Total Employer Contribution and Match Rate
In 2023, THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT allocates $2,538,345.00 to match its employees' contributions, providing an employer match rate of 104.23% of their contributions
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT is 23.20%.
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT is 19.68%. This measures the effectiveness of the plan participants' investments in the year.
THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT Expense Ratio
In 2023, the investment and administrative expense ratio of THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT is 0.00%.
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