BARNHILL CONTRACTING CO.PSP
Plan Contact
- Address: 800 TIFFANY BLVD,,ROCKY MOUNT,NC
- Contact person: WILLIAM M. AYCOCK
- Phone: (252) 823-1021
Plan General Information
BARNHILL CONTRACTING CO.PSP Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BARNHILL CONTRACTING CO.PSP is $69,727,069.00.This plan was established in 1969.
BARNHILL CONTRACTING CO.PSP Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BARNHILL CONTRACTING CO.PSP is 1306
BARNHILL CONTRACTING CO.PSP Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BARNHILL CONTRACTING CO.PSP is $53,389.00
BARNHILL CONTRACTING CO.PSP Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BARNHILL CONTRACTING CO.PSP is $5,083.00.
BARNHILL CONTRACTING CO.PSP Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BARNHILL CONTRACTING CO.PSP is approximately $1,722.00
Investing in this additonal $1,722.00 for 20 years would give you extra $110,260.00, assuming a 10% annual return.
Investing in this additonal $1,722.00 for 20 years would give you extra $110,260.00, assuming a 10% annual return.
BARNHILL CONTRACTING CO.PSP Total Employer Contribution and Match Rate
In 2023, BARNHILL CONTRACTING CO.PSP allocates $2,250,000.00 to match its employees' contributions, providing an employer match rate of 67.78% of their contributions
BARNHILL CONTRACTING CO.PSP Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BARNHILL CONTRACTING CO.PSP is 8.93%.
BARNHILL CONTRACTING CO.PSP Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BARNHILL CONTRACTING CO.PSP is 16.70%. This measures the effectiveness of the plan participants' investments in the year.
BARNHILL CONTRACTING CO.PSP Expense Ratio
In 2023, the investment and administrative expense ratio of BARNHILL CONTRACTING CO.PSP is 0.15%.
Enrollment Features
BARNHILL CONTRACTING CO.PSP 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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