WEIR GROUP, INC. 401(K) PLAN
Plan Contact
- Address: 433 E. LAS COLINAS BLVD,,IRVING,TX
- Contact person: PUNEET BRAR
- Phone: (888) 974-4727
Plan General Information
WEIR GROUP, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WEIR GROUP, INC. 401(K) PLAN is $417,537,593.00.This plan was established in 1994.
WEIR GROUP, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WEIR GROUP, INC. 401(K) PLAN is 3661
WEIR GROUP, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WEIR GROUP, INC. 401(K) PLAN is $114,050.00
WEIR GROUP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WEIR GROUP, INC. 401(K) PLAN is $3,122.00.
WEIR GROUP, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WEIR GROUP, INC. 401(K) PLAN is approximately $1,978.00
Investing in this additonal $1,978.00 for 20 years would give you extra $126,649.00, assuming a 10% annual return.
Investing in this additonal $1,978.00 for 20 years would give you extra $126,649.00, assuming a 10% annual return.
WEIR GROUP, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, WEIR GROUP, INC. 401(K) PLAN allocates $7,244,740.00 to match its employees' contributions, providing an employer match rate of 55.83% of their contributions
WEIR GROUP, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WEIR GROUP, INC. 401(K) PLAN is 10.36%.
WEIR GROUP, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WEIR GROUP, INC. 401(K) PLAN is 17.10%. This measures the effectiveness of the plan participants' investments in the year.
WEIR GROUP, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WEIR GROUP, INC. 401(K) PLAN is 0.11%.
Enrollment Features
WEIR GROUP, INC. 401(K) 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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