TEC EQUIPMENT, INC. 401(K) PLAN
Plan Contact
- Address: 750 NE COLUMBIA BLVD.,PORTLAND,OR
- Contact person: PAM EASTERDAY
- Phone: (503) 247-4095
Plan General Information
TEC EQUIPMENT, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TEC EQUIPMENT, INC. 401(K) PLAN is $73,029,763.00.This plan was established in 1994.
TEC EQUIPMENT, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TEC EQUIPMENT, INC. 401(K) PLAN is 1718
TEC EQUIPMENT, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TEC EQUIPMENT, INC. 401(K) PLAN is $42,508.00
TEC EQUIPMENT, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TEC EQUIPMENT, INC. 401(K) PLAN is $8,198.00.
TEC EQUIPMENT, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TEC EQUIPMENT, INC. 401(K) PLAN is approximately $1,231.00
Investing in this additonal $1,231.00 for 20 years would give you extra $78,846.00, assuming a 10% annual return.
Investing in this additonal $1,231.00 for 20 years would give you extra $78,846.00, assuming a 10% annual return.
TEC EQUIPMENT, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, TEC EQUIPMENT, INC. 401(K) PLAN allocates $2,116,545.00 to match its employees' contributions, providing an employer match rate of 30.06% of their contributions
TEC EQUIPMENT, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TEC EQUIPMENT, INC. 401(K) PLAN is 31.28%.
TEC EQUIPMENT, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TEC EQUIPMENT, INC. 401(K) PLAN is 17.75%. This measures the effectiveness of the plan participants' investments in the year.
TEC EQUIPMENT, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of TEC EQUIPMENT, INC. 401(K) PLAN is 0.28%.
Enrollment Features
TEC EQUIPMENT, 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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