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ELECTRONIC DRIVES & CONTROLS, INC.

Parsippany, New Jersey
11-50 employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Electronic Drives & Controls, Inc. 401(K) Plan
ELECTRONIC DRIVES & CONTROLS, INC.
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Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$8,962
Avg Employer Contribution per Person per Year
Top Benefits
Not EE Friendly
Plan Design
Laggard
EE Friendly
Admin Fees as a % of Total Assets
Leading
15%
1 Year Return
Top Benefits

Peer Group

Size
25-49 employees
Region
Middle Atlantic
Industry
Other Services (except Public Administration

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
Electronic Drives & Controls, Inc. 401(K) Plan
Plan type
401k
Plan start date
01/01/1994
Plan assets
$9,360,157
Participation Rate
90.70 %
Loan %
0.20 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
No
Vesting Requirements
Yes

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort

Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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