BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST
Plan Contact
- Address: 3002 N BURDICK ST,KALAMAZOO,MI
- Contact person: TERESA KELLEY
- Phone: (269) 388-4006
Plan General Information
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST is $9,539,854.00.This plan was established in 1991.
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST is 181
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Average Participant Retirement Account Value
In 2019, the average participant retirement account value for BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST is $52,706.00
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST is $3,326.00.
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST is approximately $309.00
Investing in this additonal $309.00 for 20 years would give you extra $19,784.00, assuming a 10% annual return.
Investing in this additonal $309.00 for 20 years would give you extra $19,784.00, assuming a 10% annual return.
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Total Employer Contribution and Match Rate
In 2019, BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST allocates $55,953.00 to match its employees' contributions, providing an employer match rate of 18.59% of their contributions
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST is 1.00%.
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST is 21.16%. This measures the effectiveness of the plan participants' investments in the year.
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST Expense Ratio
In 2019, the investment and administrative expense ratio of BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST is 0.02%.
Enrollment Features
BORROUGHS CORPORATION 401(K) RETIREMENT PLAN AND TRUST 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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