NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN
Plan Contact
- Address: 1100 SHAWNEE ST,MOUNT VERNON,IL
- Contact person: ROBERT RILEY
- Phone: (618) 241-9270
Plan General Information
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN is $15,098,518.00.This plan was established in 2003.
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN is 330
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN is $45,753.00
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN is $4,169.00.
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN is approximately $923.00
Investing in this additonal $923.00 for 20 years would give you extra $59,123.00, assuming a 10% annual return.
Investing in this additonal $923.00 for 20 years would give you extra $59,123.00, assuming a 10% annual return.
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2022, NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN allocates $304,858.00 to match its employees' contributions, providing an employer match rate of 44.32% of their contributions
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN is -25.11%.
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN is -17.89%. This measures the effectiveness of the plan participants' investments in the year.
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS PLAN is 0.15%.
Enrollment Features
NATIONAL RAILWAY EQUIPMENT CO. 401(K) SAVINGS 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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