QUALITY ENCLOSURES, INC. 401(K) PLAN

Plan Contact

  • Address: 2025 PORTER LAKE DRIVE,SARASOTA,FL
  • Contact person: JAMEY GORE
  • Phone: (941) 378-0051

Plan General Information

QUALITY ENCLOSURES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of QUALITY ENCLOSURES, INC. 401(K) PLAN is $897,273.00.This plan was established in 2022.

QUALITY ENCLOSURES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in QUALITY ENCLOSURES, INC. 401(K) PLAN is 202

QUALITY ENCLOSURES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for QUALITY ENCLOSURES, INC. 401(K) PLAN is $4,441.00

QUALITY ENCLOSURES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for QUALITY ENCLOSURES, INC. 401(K) PLAN is $4,023.00.

QUALITY ENCLOSURES, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in QUALITY ENCLOSURES, INC. 401(K) PLAN is approximately $755.00
Investing in this additonal $755.00 for 20 years would give you extra $48,325.00, assuming a 10% annual return.

QUALITY ENCLOSURES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, QUALITY ENCLOSURES, INC. 401(K) PLAN allocates $152,526.00 to match its employees' contributions, providing an employer match rate of 37.53% of their contributions

QUALITY ENCLOSURES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of QUALITY ENCLOSURES, INC. 401(K) PLAN is 210.26%.

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

In 2023, the estimated aggregate retirement account investment gain/loss for QUALITY ENCLOSURES, INC. 401(K) PLAN is 18.70%. This measures the effectiveness of the plan participants' investments in the year.

QUALITY ENCLOSURES, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of QUALITY ENCLOSURES, INC. 401(K) PLAN is 0.29%.

Enrollment Features

QUALITY ENCLOSURES, INC. 401(K) 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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