BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN

Plan Contact

  • Address: 4915 HAMILTON BLVD,THEODORE,AL
  • Contact person: DANIEL BARBER
  • Phone: (251) 443-7710

Plan General Information

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN is $7,618,763.00.This plan was established in 1999.

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN is 199

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN is $38,285.00

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN is $2,264.00.

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN is approximately $418.00
Investing in this additonal $418.00 for 20 years would give you extra $26,811.00, assuming a 10% annual return.

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN allocates $83,368.00 to match its employees' contributions, providing an employer match rate of 17.70% of their contributions

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN is 10.64%.

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN is 13.66%. This measures the effectiveness of the plan participants' investments in the year.

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING PLAN is 0.36%.

Enrollment Features

BARNETT MILLWORKS, INC. 401(K) PROFIT SHARING 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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