BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST
Plan Contact
- Address: PO BOX 1650,NOME,AK
- Contact person: JACKIE KARMUN
- Phone: (907) 443-8982
Plan General Information
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $12,280,203.00.This plan was established in 1989.
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 240
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $51,167.00
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $6,594.00.
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST is approximately $1,145.00
Investing in this additonal $1,145.00 for 20 years would give you extra $73,325.00, assuming a 10% annual return.
Investing in this additonal $1,145.00 for 20 years would give you extra $73,325.00, assuming a 10% annual return.
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST allocates $274,972.00 to match its employees' contributions, providing an employer match rate of 20.00% of their contributions
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 19.21%.
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 21.45%. This measures the effectiveness of the plan participants' investments in the year.
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 0.57%.
Enrollment Features
BERING AIR, INC. 401(K) PROFIT SHARING PLAN AND TRUST 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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