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MKEC ENGINEERING, INC. 401(K) PLAN

Plan Contact

  • Address: 411 NORTH WEBB ROAD,WICHITA,KS
  • Contact person: MAX SUTTON
  • Phone: (316) 684-9600

Plan General Information

MKEC ENGINEERING, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MKEC ENGINEERING, INC. 401(K) PLAN is $62,672,741.00.This plan was established in 1997.

MKEC ENGINEERING, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MKEC ENGINEERING, INC. 401(K) PLAN is 230

MKEC ENGINEERING, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MKEC ENGINEERING, INC. 401(K) PLAN is $272,490.00

MKEC ENGINEERING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for MKEC ENGINEERING, INC. 401(K) PLAN is $8,036.00.

MKEC ENGINEERING, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MKEC ENGINEERING, INC. 401(K) PLAN is approximately $8,958.00
Investing in this additonal $8,958.00 for 20 years would give you extra $573,353.00, assuming a 10% annual return.

MKEC ENGINEERING, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, MKEC ENGINEERING, INC. 401(K) PLAN allocates $2,060,489.00 to match its employees' contributions, providing an employer match rate of 112.95% of their contributions

MKEC ENGINEERING, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MKEC ENGINEERING, INC. 401(K) PLAN is 22.71%.

MKEC ENGINEERING, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MKEC ENGINEERING, INC. 401(K) PLAN is 20.03%. This measures the effectiveness of the plan participants' investments in the year.

MKEC ENGINEERING, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of MKEC ENGINEERING, INC. 401(K) PLAN is 0.02%.

Enrollment Features

MKEC ENGINEERING, INC. 401(K) 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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