IEC GROUP 401(K) PLAN

  • Address: 2888 W. EXCURSION LANE,MERIDIAN,ID
  • Contact person: SARAH HOWK
  • Phone: (208) 344-7900

IEC GROUP 401(K) 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.

At the end of 2023, the total retirement plan assets of IEC GROUP 401(K) PLAN is $35,695,814.00.This plan was established in 1995.

At the end of 2023, the total number of retirement plan participants in IEC GROUP 401(K) PLAN is 16

In 2023, the average participant retirement account value for IEC GROUP 401(K) PLAN is $2,230,988.00

In 2023, the estimated average employee contribution amount per participant for IEC GROUP 401(K) PLAN is $5,213.00

In 2023, the estimated average employer match for an employee in IEC GROUP 401(K) PLAN is approximately $50,341.00

In 2023, IEC GROUP 401(K) PLAN allocates $805,466.00 to match its employees' contributions, providing an employer match rate of 24.68% of their contributions

In 2023, the total retirement plan asset growth rate of IEC GROUP 401(K) PLAN is 50.02%

In 2023, the estimated aggregate retirement account investment gain/loss for IEC GROUP 401(K) PLAN is 13.97%. This measures the effectiveness of the plan participants' investments in the year.

In 2023, the investment and administrative expense ratio of IEC GROUP 401(K) PLAN is 0.53%.

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