BROWN MACHINE GROUP 401(K) PLAN

Plan Contact

  • Address: 330 N ROSS ST,BEAVERTON,MI
  • Contact person: AMY WIDDIS
  • Phone: (989) 435-7741

Plan General Information

BROWN MACHINE GROUP 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of BROWN MACHINE GROUP 401(K) PLAN is $41,296,455.00.This plan was established in 1996.

BROWN MACHINE GROUP 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in BROWN MACHINE GROUP 401(K) PLAN is 460

BROWN MACHINE GROUP 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BROWN MACHINE GROUP 401(K) PLAN is $89,774.00

BROWN MACHINE GROUP 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BROWN MACHINE GROUP 401(K) PLAN is $3,564.00.

BROWN MACHINE GROUP 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in BROWN MACHINE GROUP 401(K) PLAN is approximately $1,111.00
Investing in this additonal $1,111.00 for 20 years would give you extra $71,129.00, assuming a 10% annual return.

BROWN MACHINE GROUP 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, BROWN MACHINE GROUP 401(K) PLAN allocates $511,244.00 to match its employees' contributions, providing an employer match rate of 34.06% of their contributions

BROWN MACHINE GROUP 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of BROWN MACHINE GROUP 401(K) PLAN is 10.85%.

BROWN MACHINE GROUP 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for BROWN MACHINE GROUP 401(K) PLAN is 16.29%. This measures the effectiveness of the plan participants' investments in the year.

BROWN MACHINE GROUP 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of BROWN MACHINE GROUP 401(K) PLAN is 0.23%.

Enrollment Features

BROWN MACHINE GROUP 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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