WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN
Plan Contact
- Address: 105 SHUE DRIVE,ANNA,OH
- Contact person: KELLY IVERSON
- Phone: (937) 394-7559
Plan General Information
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN is $13,489,578.00.This plan was established in 1995.
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN is 193
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN is $69,894.00
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN is $5,324.00.
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN is approximately $1,843.00
Investing in this additonal $1,843.00 for 20 years would give you extra $117,992.00, assuming a 10% annual return.
Investing in this additonal $1,843.00 for 20 years would give you extra $117,992.00, assuming a 10% annual return.
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN allocates $355,820.00 to match its employees' contributions, providing an employer match rate of 33.16% of their contributions
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN is 22.13%.
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN is 17.56%. This measures the effectiveness of the plan participants' investments in the year.
WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WELLS BROTHERS, INC. / PANEL CONTROL, INC. 401(K) PLAN is 0.10%.
Enrollment Features
WELLS BROTHERS, INC. / PANEL CONTROL, 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.
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