ALBEMARLE OIL CO. 401(K) PLAN
Plan Contact
- Address: PO BOX 1059,ALBEMARLE,NC
- Contact person: PATRICK MOLAMPHY
- Phone: (704) 982-2181
Plan General Information
ALBEMARLE OIL CO. 401(K) PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of ALBEMARLE OIL CO. 401(K) PLAN is $1,370,922.00.This plan was established in 2022.
ALBEMARLE OIL CO. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in ALBEMARLE OIL CO. 401(K) PLAN is 156
ALBEMARLE OIL CO. 401(K) PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for ALBEMARLE OIL CO. 401(K) PLAN is $8,787.00
ALBEMARLE OIL CO. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for ALBEMARLE OIL CO. 401(K) PLAN is $389.00.
ALBEMARLE OIL CO. 401(K) PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in ALBEMARLE OIL CO. 401(K) PLAN is approximately $251.00
Investing in this additonal $251.00 for 20 years would give you extra $16,080.00, assuming a 10% annual return.
Investing in this additonal $251.00 for 20 years would give you extra $16,080.00, assuming a 10% annual return.
ALBEMARLE OIL CO. 401(K) PLAN Total Employer Contribution and Match Rate
In 2021, ALBEMARLE OIL CO. 401(K) PLAN allocates $39,197.00 to match its employees' contributions, providing an employer match rate of 64.55% of their contributions
ALBEMARLE OIL CO. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of ALBEMARLE OIL CO. 401(K) PLAN is 19.02%.
ALBEMARLE OIL CO. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for ALBEMARLE OIL CO. 401(K) PLAN is 15.20%. This measures the effectiveness of the plan participants' investments in the year.
ALBEMARLE OIL CO. 401(K) PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of ALBEMARLE OIL CO. 401(K) PLAN is 1.02%.
Enrollment Features
ALBEMARLE OIL CO. 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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