ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN
Plan Contact
- Address: 6202 TECHNOLOGY DR.,BROWN SUMMIT,NC
- Contact person: DWIGHT MARCELLUS
- Phone: (336) 375-6400
Plan General Information
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN is $13,275,052.00.This plan was established in 1989.
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN is 176
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN is $75,426.00
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN is $4,397.00.
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN is approximately $1,043.00
Investing in this additonal $1,043.00 for 20 years would give you extra $66,785.00, assuming a 10% annual return.
Investing in this additonal $1,043.00 for 20 years would give you extra $66,785.00, assuming a 10% annual return.
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN allocates $183,659.00 to match its employees' contributions, providing an employer match rate of 26.43% of their contributions
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN is 20.50%.
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN is 17.49%. This measures the effectiveness of the plan participants' investments in the year.
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT PLAN is 0.05%.
Enrollment Features
ABCO AUTOMATION, INC. EMPLOYEES' 401(K) AND RETIREMENT 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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