AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN
Plan Contact
- Address: 6 MILLRACE DR,LYNCHBURG,VA
- Contact person: JARED PINGLEY
- Phone: (434) 385-6699
Plan General Information
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN is $20,195,948.00.This plan was established in 1993.
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN is 282
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN is $71,616.00
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN is $4,845.00.
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN is approximately $1,520.00
Investing in this additonal $1,520.00 for 20 years would give you extra $97,341.00, assuming a 10% annual return.
Investing in this additonal $1,520.00 for 20 years would give you extra $97,341.00, assuming a 10% annual return.
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN allocates $428,912.00 to match its employees' contributions, providing an employer match rate of 33.85% of their contributions
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN is 13.66%.
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN is 15.39%. This measures the effectiveness of the plan participants' investments in the year.
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING PLAN is 0.36%.
Enrollment Features
AUTOMATED CONVEYOR SYSTEMS, INC. PROFIT SHARING 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.
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