BWE RETIREMENT PLAN
Plan Contact
- Address: 1808 NORWOOD STREET SW,LENOIR,NC
- Contact person: ERIC QUELLA
- Phone: (828) 726-3001
Plan General Information
BWE RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of BWE RETIREMENT PLAN is $7,513,725.00.This plan was established in 2022.
BWE RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in BWE RETIREMENT PLAN is 144
BWE RETIREMENT PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for BWE RETIREMENT PLAN is $52,178.00
BWE RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for BWE RETIREMENT PLAN is $2,236.00.
BWE RETIREMENT PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in BWE RETIREMENT PLAN is approximately $884.00
Investing in this additonal $884.00 for 20 years would give you extra $56,585.00, assuming a 10% annual return.
Investing in this additonal $884.00 for 20 years would give you extra $56,585.00, assuming a 10% annual return.
BWE RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2021, BWE RETIREMENT PLAN allocates $127,318.00 to match its employees' contributions, providing an employer match rate of 39.53% of their contributions
BWE RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of BWE RETIREMENT PLAN is 3.71%.
BWE RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for BWE RETIREMENT PLAN is 13.73%. This measures the effectiveness of the plan participants' investments in the year.
BWE RETIREMENT PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of BWE RETIREMENT PLAN is 0.03%.
Enrollment Features
BWE RETIREMENT 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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