BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN
Plan Contact
- Address: 8421 BEARING DRIVE STE 200 EAST,INDIANAPOLIS,IN
- Contact person: NANCY MCMICHAEL
- Phone: (317) 625-7663
Plan General Information
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN is $7,484,580.00.This plan was established in 1984.
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN is 114
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN is $65,654.00
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN is $4,221.00.
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN is approximately $557.00
Investing in this additonal $557.00 for 20 years would give you extra $35,650.00, assuming a 10% annual return.
Investing in this additonal $557.00 for 20 years would give you extra $35,650.00, assuming a 10% annual return.
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN allocates $63,503.00 to match its employees' contributions, providing an employer match rate of 13.02% of their contributions
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN is 0.48%.
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN is 18.34%. This measures the effectiveness of the plan participants' investments in the year.
BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BUSINESS FURNITURE CORPORATION 401K SAVINGS PLAN is 0.01%.
Enrollment Features
BUSINESS FURNITURE CORPORATION 401K SAVINGS 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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