ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN
Plan Contact
- Address: 80 MEAD STREET,DAYTON,OH
- Contact person: BRUCE FELDMAN
- Phone: (937) 222-4625
Plan General Information
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN is $5,058,546.00.This plan was established in 1993.
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN is 114
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN is $44,373.00
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN is $2,563.00.
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN is approximately $1,226.00
Investing in this additonal $1,226.00 for 20 years would give you extra $78,490.00, assuming a 10% annual return.
Investing in this additonal $1,226.00 for 20 years would give you extra $78,490.00, assuming a 10% annual return.
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2022, ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN allocates $139,812.00 to match its employees' contributions, providing an employer match rate of 47.64% of their contributions
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN is -11.49%.
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN is -10.81%. This measures the effectiveness of the plan participants' investments in the year.
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN is 0.44%.
Enrollment Features
ECONOMY LINEN AND TOWEL SERVICE, INC. 401(K) SAVINGS PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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