THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN
Plan Contact
- Address: 3009 ATKINSON AVE SUITE 300,LEXINGTON,KY
- Contact person: WHITNEY ELY
- Phone: (859) 543-3353
Plan General Information
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN is $16,111,082.00.This plan was established in 1976.
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN is 452
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN is $35,643.00
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN is $1,758.00.
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN is approximately $3,460.00
Investing in this additonal $3,460.00 for 20 years would give you extra $221,493.00, assuming a 10% annual return.
Investing in this additonal $3,460.00 for 20 years would give you extra $221,493.00, assuming a 10% annual return.
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN allocates $1,564,295.00 to match its employees' contributions, providing an employer match rate of 208.80% of their contributions
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN is 24.39%.
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN is 14.36%. This measures the effectiveness of the plan participants' investments in the year.
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT PLAN is 0.65%.
Enrollment Features
THE ALLEN COMPANY, INC. 401(K) PROFIT SHARING RETIREMENT 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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