BLACK & MCDONALD, INC. 401(K) PLAN
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Plan General Information
BLACK & MCDONALD, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BLACK & MCDONALD, INC. 401(K) PLAN is $12,556,015.00.This plan was established in 1997.
BLACK & MCDONALD, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BLACK & MCDONALD, INC. 401(K) PLAN is 387
BLACK & MCDONALD, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BLACK & MCDONALD, INC. 401(K) PLAN is $32,444.00
BLACK & MCDONALD, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BLACK & MCDONALD, INC. 401(K) PLAN is $3,369.00.
BLACK & MCDONALD, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BLACK & MCDONALD, INC. 401(K) PLAN is approximately $2,042.00
Investing in this additonal $2,042.00 for 20 years would give you extra $130,704.00, assuming a 10% annual return.
Investing in this additonal $2,042.00 for 20 years would give you extra $130,704.00, assuming a 10% annual return.
BLACK & MCDONALD, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, BLACK & MCDONALD, INC. 401(K) PLAN allocates $790,355.00 to match its employees' contributions, providing an employer match rate of 57.77% of their contributions
BLACK & MCDONALD, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BLACK & MCDONALD, INC. 401(K) PLAN is 5.23%.
BLACK & MCDONALD, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BLACK & MCDONALD, INC. 401(K) PLAN is 13.67%. This measures the effectiveness of the plan participants' investments in the year.
BLACK & MCDONALD, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BLACK & MCDONALD, INC. 401(K) PLAN is 0.62%.
Enrollment Features
BLACK & MCDONALD, 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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