BERGMEYER ASSOCIATES, INC. 401(K) PLAN
Plan Contact
- Address: 51 SLEEPER ST,BOSTON,MA
- Contact person: MELISSA SALTER
- Phone: (617) 542-1025
Plan General Information
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BERGMEYER ASSOCIATES, INC. 401(K) PLAN is $12,599,875.00.This plan was established in 1993.
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BERGMEYER ASSOCIATES, INC. 401(K) PLAN is 206
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BERGMEYER ASSOCIATES, INC. 401(K) PLAN is $61,164.00
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BERGMEYER ASSOCIATES, INC. 401(K) PLAN is $7,416.00.
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BERGMEYER ASSOCIATES, INC. 401(K) PLAN is approximately $346.00
Investing in this additonal $346.00 for 20 years would give you extra $22,160.00, assuming a 10% annual return.
Investing in this additonal $346.00 for 20 years would give you extra $22,160.00, assuming a 10% annual return.
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, BERGMEYER ASSOCIATES, INC. 401(K) PLAN allocates $71,329.00 to match its employees' contributions, providing an employer match rate of 9.34% of their contributions
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BERGMEYER ASSOCIATES, INC. 401(K) PLAN is 17.56%.
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BERGMEYER ASSOCIATES, INC. 401(K) PLAN is 20.30%. This measures the effectiveness of the plan participants' investments in the year.
BERGMEYER ASSOCIATES, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BERGMEYER ASSOCIATES, INC. 401(K) PLAN is 0.40%.
Enrollment Features
BERGMEYER ASSOCIATES, 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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