TRANSOURCE, INC. 401(K) INVESTMENT PLAN
Plan Contact
- Address: 8700 TRIAD DRIVE,COLFAX,NC
- Contact person: RICK HUDSON
- Phone: (336) 996-6060
Plan General Information
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TRANSOURCE, INC. 401(K) INVESTMENT PLAN is $12,161,751.00.This plan was established in 1984.
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TRANSOURCE, INC. 401(K) INVESTMENT PLAN is 321
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TRANSOURCE, INC. 401(K) INVESTMENT PLAN is $37,887.00
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TRANSOURCE, INC. 401(K) INVESTMENT PLAN is $2,750.00.
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TRANSOURCE, INC. 401(K) INVESTMENT PLAN is approximately $625.00
Investing in this additonal $625.00 for 20 years would give you extra $40,061.00, assuming a 10% annual return.
Investing in this additonal $625.00 for 20 years would give you extra $40,061.00, assuming a 10% annual return.
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, TRANSOURCE, INC. 401(K) INVESTMENT PLAN allocates $200,934.00 to match its employees' contributions, providing an employer match rate of 23.91% of their contributions
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TRANSOURCE, INC. 401(K) INVESTMENT PLAN is 29.90%.
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TRANSOURCE, INC. 401(K) INVESTMENT PLAN is 22.21%. This measures the effectiveness of the plan participants' investments in the year.
TRANSOURCE, INC. 401(K) INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of TRANSOURCE, INC. 401(K) INVESTMENT PLAN is 0.00%.
Enrollment Features
TRANSOURCE, INC. 401(K) INVESTMENT 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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