BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN
Plan Contact
- Address: 1589 NW 12 AVENUE,POMPANO BEACH,FL
- Contact person: IRA BAER
- Phone: (954) 946-8001
Plan General Information
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN is $15,167,629.00.This plan was established in 1985.
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN is 792
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN is $19,151.00
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN is $2,667.00.
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN is approximately $314.00
Investing in this additonal $314.00 for 20 years would give you extra $20,134.00, assuming a 10% annual return.
Investing in this additonal $314.00 for 20 years would give you extra $20,134.00, assuming a 10% annual return.
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN allocates $249,160.00 to match its employees' contributions, providing an employer match rate of 12.44% of their contributions
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN is 25.73%.
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN is 17.36%. This measures the effectiveness of the plan participants' investments in the year.
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN is 0.74%.
Enrollment Features
BAER'S FURNITURE COMPANY, INC. CASH OR DEFERRED 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.
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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