NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN
Plan Contact
- Address: 111 EAST A STREET,BUTNER,NC
- Contact person: STEPHEN BIGELOW
- Phone: (919) 575-6426
Plan General Information
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN is $12,976,400.00.This plan was established in 1983.
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN is 167
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN is $77,702.00
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN is $2,773.00.
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN is approximately $962.00
Investing in this additonal $962.00 for 20 years would give you extra $61,573.00, assuming a 10% annual return.
Investing in this additonal $962.00 for 20 years would give you extra $61,573.00, assuming a 10% annual return.
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Total Employer Contribution and Match Rate
In 2020, NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN allocates $160,668.00 to match its employees' contributions, providing an employer match rate of 69.37% of their contributions
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN is 16.20%.
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN is 23.38%. This measures the effectiveness of the plan participants' investments in the year.
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN is 0.50%.
Enrollment Features
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING 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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