PAN AM RAILWAYS 401(K) PLAN

Overview

Plan Contact

  • Address: 1700 IRON HORSE PARK,N BILLERICA,MA
  • Contact person: PLAN SPONSOR
  • Phone: (978) 663-1058

Plan General Information


At the end of 2022, the total retirement plan assets of PAN AM RAILWAYS 401(K) PLAN is $18,088,499.This plan was established in 1996.

At the end of 2022, the total number of retirement plan participants in PAN AM RAILWAYS 401(K) PLAN is 316

In 2022, the average participant retirement account value for PAN AM RAILWAYS 401(K) PLAN is $57,242

In 2022, the estimated average employee contribution amount per participant for PAN AM RAILWAYS 401(K) PLAN is $2,722

In 2022, the estimated average employer match for an employee in PAN AM RAILWAYS 401(K) PLAN is approximately $159

In 2022, PAN AM RAILWAYS 401(K) PLAN allocates $50,258 to match its employees’ contributions, providing an employer match rate of 5.89% of their contributions

In 2022, the total retirement plan asset growth rate of PAN AM RAILWAYS 401(K) PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for PAN AM RAILWAYS 401(K) PLAN is 9.59%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PAN AM RAILWAYS 401(K) PLAN is 0.01%.

Enrollment Features

PAN AM RAILWAYS 401(K) 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.