WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN
Plan Contact
- Address: 3 EAST SPIT BROOK RD.,NASHUA,NH
- Contact person: EILEEN MORIN
- Phone: (603) 888-5443
Plan General Information
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN is $31,941,066.00.This plan was established in 1976.
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN is 378
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN is $84,500.00
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN is $4,719.00.
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN is approximately $2,398.00
Investing in this additonal $2,398.00 for 20 years would give you extra $153,474.00, assuming a 10% annual return.
Investing in this additonal $2,398.00 for 20 years would give you extra $153,474.00, assuming a 10% annual return.
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN allocates $906,458.00 to match its employees' contributions, providing an employer match rate of 51.01% of their contributions
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN is 13.67%.
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN is 20.27%. This measures the effectiveness of the plan participants' investments in the year.
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN is 0.06%.
Enrollment Features
WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS 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.
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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