WATSON ENGINEERING INCORPORATED 401K PLAN
Plan Contact
- Address: 16455 RACHO BLVD,TAYLOR,MI
- Contact person: CHRISTOPHER DOUGLAS
- Phone: (734) 285-2200
Plan General Information
WATSON ENGINEERING INCORPORATED 401K PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WATSON ENGINEERING INCORPORATED 401K PLAN is $12,482,993.00.This plan was established in 1996.
WATSON ENGINEERING INCORPORATED 401K PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WATSON ENGINEERING INCORPORATED 401K PLAN is 290
WATSON ENGINEERING INCORPORATED 401K PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WATSON ENGINEERING INCORPORATED 401K PLAN is $43,044.00
WATSON ENGINEERING INCORPORATED 401K PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WATSON ENGINEERING INCORPORATED 401K PLAN is $4,840.00.
WATSON ENGINEERING INCORPORATED 401K PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WATSON ENGINEERING INCORPORATED 401K PLAN is approximately $331.00
Investing in this additonal $331.00 for 20 years would give you extra $21,235.00, assuming a 10% annual return.
Investing in this additonal $331.00 for 20 years would give you extra $21,235.00, assuming a 10% annual return.
WATSON ENGINEERING INCORPORATED 401K PLAN Total Employer Contribution and Match Rate
In 2023, WATSON ENGINEERING INCORPORATED 401K PLAN allocates $96,225.00 to match its employees' contributions, providing an employer match rate of 13.71% of their contributions
WATSON ENGINEERING INCORPORATED 401K PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WATSON ENGINEERING INCORPORATED 401K PLAN is 15.18%.
WATSON ENGINEERING INCORPORATED 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WATSON ENGINEERING INCORPORATED 401K PLAN is 12.33%. This measures the effectiveness of the plan participants' investments in the year.
WATSON ENGINEERING INCORPORATED 401K PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WATSON ENGINEERING INCORPORATED 401K PLAN is 0.34%.
Enrollment Features
WATSON ENGINEERING INCORPORATED 401K 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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