BURR & FORMAN LLP PROFIT SHARING PLAN
Plan Contact
- Address: 420 NORTH 20TH ST SUITE 3400,BIRMINGHAM,AL
- Contact person: LISA ARRINGTON
- Phone: (205) 251-3000
Plan General Information
BURR & FORMAN LLP PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BURR & FORMAN LLP PROFIT SHARING PLAN is $341,269,544.00.This plan was established in 1971.
BURR & FORMAN LLP PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BURR & FORMAN LLP PROFIT SHARING PLAN is 810
BURR & FORMAN LLP PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BURR & FORMAN LLP PROFIT SHARING PLAN is $421,320.00
BURR & FORMAN LLP PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BURR & FORMAN LLP PROFIT SHARING PLAN is $9,094.00.
BURR & FORMAN LLP PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BURR & FORMAN LLP PROFIT SHARING PLAN is approximately $12,313.00
Investing in this additonal $12,313.00 for 20 years would give you extra $788,090.00, assuming a 10% annual return.
Investing in this additonal $12,313.00 for 20 years would give you extra $788,090.00, assuming a 10% annual return.
BURR & FORMAN LLP PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, BURR & FORMAN LLP PROFIT SHARING PLAN allocates $9,974,270.00 to match its employees' contributions, providing an employer match rate of 142.43% of their contributions
BURR & FORMAN LLP PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BURR & FORMAN LLP PROFIT SHARING PLAN is 23.29%.
BURR & FORMAN LLP PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BURR & FORMAN LLP PROFIT SHARING PLAN is 19.17%. This measures the effectiveness of the plan participants' investments in the year.
BURR & FORMAN LLP PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BURR & FORMAN LLP PROFIT SHARING PLAN is 0.05%.
Enrollment Features
BURR & FORMAN LLP 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.
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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