BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES
Plan Contact
- Address: 120 ROYALL STREET,CANTON,MA
- Contact person: CHRISTINE COUGHLIN
- Phone: (781) 828-7000
Plan General Information
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES is $85,674,472.00.This plan was established in 1987.
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES is 470
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES is $182,286.00
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES is $7,271.00.
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES is approximately $6,703.00
Investing in this additonal $6,703.00 for 20 years would give you extra $428,999.00, assuming a 10% annual return.
Investing in this additonal $6,703.00 for 20 years would give you extra $428,999.00, assuming a 10% annual return.
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Total Employer Contribution and Match Rate
In 2023, BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES allocates $3,150,463.00 to match its employees' contributions, providing an employer match rate of 100.41% of their contributions
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES is 19.71%.
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES is 18.37%. This measures the effectiveness of the plan participants' investments in the year.
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES is 0.03%.
Enrollment Features
BOSTON MUTUAL LIFE 401(K) PLAN FOR SALARIED EMPLOYEES has the following features: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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