US CONEC INVESTMENT PLAN
Plan Contact
- Address: 1138 25TH STREET SE,HICKORY,NC
- Contact person: STEVEN W. PENNELL
- Phone: (828) 267-6308
Plan General Information
US CONEC INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of US CONEC INVESTMENT PLAN is $27,665,939.00.This plan was established in 1994.
US CONEC INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in US CONEC INVESTMENT PLAN is 374
US CONEC INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for US CONEC INVESTMENT PLAN is $73,973.00
US CONEC INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for US CONEC INVESTMENT PLAN is $6,190.00.
US CONEC INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in US CONEC INVESTMENT PLAN is approximately $2,742.00
Investing in this additonal $2,742.00 for 20 years would give you extra $175,537.00, assuming a 10% annual return.
Investing in this additonal $2,742.00 for 20 years would give you extra $175,537.00, assuming a 10% annual return.
US CONEC INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, US CONEC INVESTMENT PLAN allocates $1,025,797.00 to match its employees' contributions, providing an employer match rate of 61.37% of their contributions
US CONEC INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of US CONEC INVESTMENT PLAN is 13.43%.
US CONEC INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for US CONEC INVESTMENT PLAN is 16.62%. This measures the effectiveness of the plan participants' investments in the year.
US CONEC INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of US CONEC INVESTMENT PLAN is 0.22%.
Enrollment Features
US CONEC INVESTMENT 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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