TOWER FASTENERS INC. 401(K) PLAN

Plan Contact

  • Address: 1690 NORTH OCEAN AVENUE,HOLTSVILLE,NY
  • Contact person: JOEL WOLINSKY
  • Phone: (631) 447-0038

Plan General Information

TOWER FASTENERS INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2011, the total retirement plan assets of TOWER FASTENERS INC. 401(K) PLAN is $5,560,704.00.This plan was established in 1968.

TOWER FASTENERS INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2011, the total number of retirement plan participants in TOWER FASTENERS INC. 401(K) PLAN is 113

TOWER FASTENERS INC. 401(K) PLAN Average Participant Retirement Account Value

In 2011, the average participant retirement account value for TOWER FASTENERS INC. 401(K) PLAN is $49,209.00

TOWER FASTENERS INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2011, the estimated average employee contribution amount per participant for TOWER FASTENERS INC. 401(K) PLAN is $2,906.00.

TOWER FASTENERS INC. 401(K) PLAN Estimated Average Employer Match

In 2011, the estimated average employer match for an employee in TOWER FASTENERS INC. 401(K) PLAN is approximately $702.00
Investing in this additonal $702.00 for 20 years would give you extra $44,933.00, assuming a 10% annual return.

TOWER FASTENERS INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2011, TOWER FASTENERS INC. 401(K) PLAN allocates $79,336.00 to match its employees' contributions, providing an employer match rate of 48.31% of their contributions

TOWER FASTENERS INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2011, the total retirement plan asset growth rate of TOWER FASTENERS INC. 401(K) PLAN is 4.65%.

TOWER FASTENERS INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2011, the estimated aggregate retirement account investment gain/loss for TOWER FASTENERS INC. 401(K) PLAN is 0.73%. This measures the effectiveness of the plan participants' investments in the year.

TOWER FASTENERS INC. 401(K) PLAN Expense Ratio

In 2011, the investment and administrative expense ratio of TOWER FASTENERS INC. 401(K) PLAN is 0.00%.

Enrollment Features

TOWER FASTENERS INC. 401(K) 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.

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