WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN
Plan Contact
- Address: 17 COLBY COURT,BEDFORD,NH
- Contact person: SCOTT BLACKMAN
- Phone: (603) 644-2500
Plan General Information
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN is $24,813,309.00.This plan was established in 1953.
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN is 140
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN is $177,237.00
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN is $7,596.00.
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN is approximately $10,505.00
Investing in this additonal $10,505.00 for 20 years would give you extra $672,361.00, assuming a 10% annual return.
Investing in this additonal $10,505.00 for 20 years would give you extra $672,361.00, assuming a 10% annual return.
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN allocates $1,470,790.00 to match its employees' contributions, providing an employer match rate of 276.60% of their contributions
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN is 15.88%.
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN is 11.46%. This measures the effectiveness of the plan participants' investments in the year.
WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WIRE BELT COMPANY OF AMERICA, INC. 401(K) PLAN is 0.08%.
Enrollment Features
WIRE BELT COMPANY OF AMERICA, INC. 401(K) 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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