TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN

Plan Contact

  • Address: 520 N ROGERS ROAD,OLATHE,KS
  • Phone: (913) 747-6111

Plan General Information

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets

At the end of 2020, the total retirement plan assets of TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN is $8,069,008.00.This plan was established in 1989.

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2020, the total number of retirement plan participants in TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN is 200

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN is $40,345.00

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN is $6,934.00.

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2020, the estimated average employer match for an employee in TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN is approximately $742.00
Investing in this additonal $742.00 for 20 years would give you extra $47,550.00, assuming a 10% annual return.

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2020, TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN allocates $148,594.00 to match its employees' contributions, providing an employer match rate of 21.43% of their contributions

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2020, the total retirement plan asset growth rate of TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN is 23.24%.

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2020, the estimated aggregate retirement account investment gain/loss for TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN is 13.74%. This measures the effectiveness of the plan participants' investments in the year.

TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN Expense Ratio

In 2020, the investment and administrative expense ratio of TOROTEL PRODUCTS, INC. 401(K) SAVINGS PLAN is 0.03%.

Enrollment Features

TOROTEL PRODUCTS, INC. 401(K) SAVINGS 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.

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