EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC.
Plan Contact
- Address: 350 PINE STREET, SUITE 850,BEAUMONT,TX
- Contact person: PAUL LEE
- Phone: (409) 838-6363
Plan General Information
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. is $72,954,733.00.This plan was established in 1994.
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. is 1046
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. is $69,746.00
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. is $4,308.00.
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. is approximately $1,539.00
Investing in this additonal $1,539.00 for 20 years would give you extra $98,525.00, assuming a 10% annual return.
Investing in this additonal $1,539.00 for 20 years would give you extra $98,525.00, assuming a 10% annual return.
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Total Employer Contribution and Match Rate
In 2023, EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. allocates $1,610,271.00 to match its employees' contributions, providing an employer match rate of 36.13% of their contributions
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. is 16.64%.
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. is 18.53%. This measures the effectiveness of the plan participants' investments in the year.
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. is 0.24%.
Enrollment Features
EMPLOYEES 401(K) PLAN OF COBURN SUPPLY COMPANY, INC. 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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