BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN
Plan Contact
- Address: 10026 OLD RIDGE RD,ASHLAND,VA
- Contact person: THERESA WELENTEYCHIK
- Phone: (804) 227-4005
Plan General Information
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Total Retirement Plan Assets
At the end of 2012, the total retirement plan assets of BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN is $6,587,100.00.This plan was established in 1980.
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Total Number of Retirement Plan Participants
At the end of 2012, the total number of retirement plan participants in BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN is 233
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Average Participant Retirement Account Value
In 2012, the average participant retirement account value for BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN is $28,270.00
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Estimated Average Employee Contribution Amount
In 2012, the estimated average employee contribution amount per participant for BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN is $9,241.00.
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Estimated Average Employer Match
In 2012, the estimated average employer match for an employee in BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN is approximately $4,767.00
Investing in this additonal $4,767.00 for 20 years would give you extra $305,141.00, assuming a 10% annual return.
Investing in this additonal $4,767.00 for 20 years would give you extra $305,141.00, assuming a 10% annual return.
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Total Employer Contribution and Match Rate
In 2012, BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN allocates $1,110,906.00 to match its employees' contributions, providing an employer match rate of 103.18% of their contributions
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Total Retirement Plan Asset Growth Rate
In 2012, the total retirement plan asset growth rate of BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN is -96.12%.
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2012, the estimated aggregate retirement account investment gain/loss for BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN is 51.59%. This measures the effectiveness of the plan participants' investments in the year.
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN Expense Ratio
In 2012, the investment and administrative expense ratio of BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT PLAN is 4.93%.
Enrollment Features
BEAR ISLAND PAPER COMPANY, L.L.C. RETIREMENT THRIFT 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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