NEW ENGLAND BIOLABS, INC. 401(K) PLAN
Plan Contact
- Address: 240 COUNTY ROAD,IPSWICH,MA
- Contact person: BRIAN TINGER
- Phone: (978) 380-7485
Plan General Information
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEW ENGLAND BIOLABS, INC. 401(K) PLAN is $142,321,496.00.This plan was established in 1991.
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEW ENGLAND BIOLABS, INC. 401(K) PLAN is 601
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEW ENGLAND BIOLABS, INC. 401(K) PLAN is $236,807.00
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEW ENGLAND BIOLABS, INC. 401(K) PLAN is $21,614.00.
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEW ENGLAND BIOLABS, INC. 401(K) PLAN is approximately $6,515.00
Investing in this additonal $6,515.00 for 20 years would give you extra $416,977.00, assuming a 10% annual return.
Investing in this additonal $6,515.00 for 20 years would give you extra $416,977.00, assuming a 10% annual return.
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, NEW ENGLAND BIOLABS, INC. 401(K) PLAN allocates $3,915,679.00 to match its employees' contributions, providing an employer match rate of 60.29% of their contributions
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEW ENGLAND BIOLABS, INC. 401(K) PLAN is -3.53%.
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEW ENGLAND BIOLABS, INC. 401(K) PLAN is 13.65%. This measures the effectiveness of the plan participants' investments in the year.
NEW ENGLAND BIOLABS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NEW ENGLAND BIOLABS, INC. 401(K) PLAN is 0.11%.
Enrollment Features
NEW ENGLAND BIOLABS, 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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