TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN
Plan Contact
- Address: 123 W 23RD AVENUE,NORTH KANSAS CITY,MO
- Phone: (816) 326-4217
Plan General Information
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN is $40,426,864.00.This plan was established in 1989.
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN is 389
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN is $103,925.00
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN is $4,332.00.
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN is approximately $1,321.00
Investing in this additonal $1,321.00 for 20 years would give you extra $84,552.00, assuming a 10% annual return.
Investing in this additonal $1,321.00 for 20 years would give you extra $84,552.00, assuming a 10% annual return.
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN allocates $513,920.00 to match its employees' contributions, providing an employer match rate of 31.76% of their contributions
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN is 19.93%.
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN is 14.97%. This measures the effectiveness of the plan participants' investments in the year.
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN is 0.02%.
Enrollment Features
TNEMEC COMPANY, INC. 401(K) SAVINGS PLAN has the following features: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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