GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 2890 SE BROOKWOOD AVE,HILLSBORO,OR
- Contact person: RHONDA BECKER
- Phone: (503) 648-4552
Plan General Information
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN is $4,168,908.00.This plan was established in 1996.
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN is 185
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN is $22,534.00
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN is $4,401.00.
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN is approximately $1,424.00
Investing in this additonal $1,424.00 for 20 years would give you extra $91,188.00, assuming a 10% annual return.
Investing in this additonal $1,424.00 for 20 years would give you extra $91,188.00, assuming a 10% annual return.
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2022, GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN allocates $263,592.00 to match its employees' contributions, providing an employer match rate of 38.39% of their contributions
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN is -3.00%.
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN is -15.82%. This measures the effectiveness of the plan participants' investments in the year.
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of GARNER ELECTRIC, CO. 401(K) PROFIT SHARING PLAN is 0.55%.
Enrollment Features
GARNER ELECTRIC, CO. 401(K) PROFIT SHARING 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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