ANDERSEN 401K PLAN
Plan Contact
- Address: 100 4TH AVE N MN126-01-J6A,BAYPORT,MN
- Contact person: KATHY PRONDZINSKI
- Phone: (651) 264-5548
Plan General Information
ANDERSEN 401K PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ANDERSEN 401K PLAN is $1,292,360,271.00.This plan was established in 1960.
ANDERSEN 401K PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ANDERSEN 401K PLAN is 16826
ANDERSEN 401K PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ANDERSEN 401K PLAN is $76,807.00
ANDERSEN 401K PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ANDERSEN 401K PLAN is $4,500.00.
ANDERSEN 401K PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ANDERSEN 401K PLAN is approximately $3,010.00
Investing in this additonal $3,010.00 for 20 years would give you extra $192,674.00, assuming a 10% annual return.
Investing in this additonal $3,010.00 for 20 years would give you extra $192,674.00, assuming a 10% annual return.
ANDERSEN 401K PLAN Total Employer Contribution and Match Rate
In 2023, ANDERSEN 401K PLAN allocates $50,655,275.00 to match its employees' contributions, providing an employer match rate of 75.80% of their contributions
ANDERSEN 401K PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ANDERSEN 401K PLAN is 20.01%.
ANDERSEN 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ANDERSEN 401K PLAN is 16.43%. This measures the effectiveness of the plan participants' investments in the year.
ANDERSEN 401K PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ANDERSEN 401K PLAN is 0.08%.
Enrollment Features
ANDERSEN 401K 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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