BURKES MECHANICAL, INC. 401(K) PLAN
Plan Contact
- Address: 2 INDUSTRIAL ROAD,BRENT,AL
- Phone: (205) 926-5847
Plan General Information
BURKES MECHANICAL, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BURKES MECHANICAL, INC. 401(K) PLAN is $23,496,124.00.This plan was established in 1996.
BURKES MECHANICAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BURKES MECHANICAL, INC. 401(K) PLAN is 651
BURKES MECHANICAL, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BURKES MECHANICAL, INC. 401(K) PLAN is $36,092.00
BURKES MECHANICAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BURKES MECHANICAL, INC. 401(K) PLAN is $2,942.00.
BURKES MECHANICAL, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BURKES MECHANICAL, INC. 401(K) PLAN is approximately $416.00
Investing in this additonal $416.00 for 20 years would give you extra $26,627.00, assuming a 10% annual return.
Investing in this additonal $416.00 for 20 years would give you extra $26,627.00, assuming a 10% annual return.
BURKES MECHANICAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, BURKES MECHANICAL, INC. 401(K) PLAN allocates $270,854.00 to match its employees' contributions, providing an employer match rate of 14.56% of their contributions
BURKES MECHANICAL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BURKES MECHANICAL, INC. 401(K) PLAN is 17.35%.
BURKES MECHANICAL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BURKES MECHANICAL, INC. 401(K) PLAN is 18.14%. This measures the effectiveness of the plan participants' investments in the year.
BURKES MECHANICAL, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BURKES MECHANICAL, INC. 401(K) PLAN is 0.31%.
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