X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 2301 N. UNIVERSITY AVE.,LUBBOCK,TX
- Contact person: AMY HYMEL
- Phone: (806) 747-4400
Plan General Information
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN is $44,763,620.00.This plan was established in 1999.
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN is 518
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN is $86,416.00
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN is $5,570.00.
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN is approximately $2,123.00
Investing in this additonal $2,123.00 for 20 years would give you extra $135,920.00, assuming a 10% annual return.
Investing in this additonal $2,123.00 for 20 years would give you extra $135,920.00, assuming a 10% annual return.
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN allocates $1,100,107.00 to match its employees' contributions, providing an employer match rate of 40.47% of their contributions
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN is 14.25%.
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN is 16.32%. This measures the effectiveness of the plan participants' investments in the year.
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN is 0.19%.
Enrollment Features
X-FAB TEXAS, INC. EMPLOYEES 401(K) PROFIT SHARING 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.
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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