HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP
Plan Contact
- Address: 1002 5TH AVENUE SE,DECATUR,AL
- Phone: (256) 353-9244
Plan General Information
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP is $6,130,436.00.This plan was established in 1990.
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP is 121
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP is $50,664.00
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP is $2,691.00.
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP is approximately $2,037.00
Investing in this additonal $2,037.00 for 20 years would give you extra $130,419.00, assuming a 10% annual return.
Investing in this additonal $2,037.00 for 20 years would give you extra $130,419.00, assuming a 10% annual return.
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Total Employer Contribution and Match Rate
In 2023, HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP allocates $246,575.00 to match its employees' contributions, providing an employer match rate of 55.68% of their contributions
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP is 18.38%.
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP is 14.74%. This measures the effectiveness of the plan participants' investments in the year.
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP Expense Ratio
In 2023, the investment and administrative expense ratio of HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP is 0.79%.
Enrollment Features
HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP 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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