TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN
Plan Contact
- Address: 10551 S.E. 110TH ST ROAD PO BOX 221,CANDLER,FL
- Contact person: MFGACCOUNTING
- Phone: (352) 687-3001
Plan General Information
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN is $12,087,065.00.This plan was established in 1998.
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN is 372
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN is $32,492.00
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN is $2,774.00.
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN is approximately $644.00
Investing in this additonal $644.00 for 20 years would give you extra $41,228.00, assuming a 10% annual return.
Investing in this additonal $644.00 for 20 years would give you extra $41,228.00, assuming a 10% annual return.
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN allocates $239,641.00 to match its employees' contributions, providing an employer match rate of 23.28% of their contributions
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN is -12.22%.
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN is -16.60%. This measures the effectiveness of the plan participants' investments in the year.
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, INC. 401(K) PLAN is 0.29%.
Enrollment Features
TOWNLEY ENGINEERING AND MANUFACTURING COMPANY, 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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