BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN
Plan Contact
- Address: 3546 N. RIVERSIDE AVE,RIALTO,CA
- Contact person: NORMA LUNA-TORRES
- Phone: (909) 822-6000
Plan General Information
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN is $77,159,852.00.This plan was established in 1985.
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN is 876
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN is $88,082.00
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN is $6,437.00.
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN is approximately $4,482.00
Investing in this additonal $4,482.00 for 20 years would give you extra $286,860.00, assuming a 10% annual return.
Investing in this additonal $4,482.00 for 20 years would give you extra $286,860.00, assuming a 10% annual return.
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN allocates $3,926,408.00 to match its employees' contributions, providing an employer match rate of 71.47% of their contributions
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN is 23.22%.
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN is 15.07%. This measures the effectiveness of the plan participants' investments in the year.
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT PLAN is 0.31%.
Enrollment Features
BURLINGAME INDUSTRIES 401(K) AND PROFIT SHARING RETIREMENT 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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