NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST
Plan Contact
- Address: 4868 SW 72ND AVENUE,MIAMI,FL
- Contact person: EUGENIO OCHOA
- Phone: (305) 667-1809
Plan General Information
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST is $20,056.00.This plan was established in 2004.
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST is 113
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Average Participant Retirement Account Value
In 2020, the average participant retirement account value for NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST is $177.00
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST is $1,255.00.
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST is approximately $133.00
Investing in this additonal $133.00 for 20 years would give you extra $8,574.00, assuming a 10% annual return.
Investing in this additonal $133.00 for 20 years would give you extra $8,574.00, assuming a 10% annual return.
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Total Employer Contribution and Match Rate
In 2020, NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST allocates $15,139.00 to match its employees' contributions, providing an employer match rate of 21.34% of their contributions
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST is -99.47%.
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST is -13.67%. This measures the effectiveness of the plan participants' investments in the year.
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST Expense Ratio
In 2020, the investment and administrative expense ratio of NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST is 36.70%.
Enrollment Features
NEW MILLENNIUM ENGINEERING, INC. 401(K) PLAN & TRUST 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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