CAROLINA CARING RETIREMENT PLAN

Plan Contact

  • Address: 3975 ROBINSON RD,NEWTON,NC
  • Contact person: CINDY CALE
  • Phone: (828) 466-0466

Plan General Information

CAROLINA CARING RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of CAROLINA CARING RETIREMENT PLAN is $12,655,041.00.This plan was established in 2005.

CAROLINA CARING RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in CAROLINA CARING RETIREMENT PLAN is 418

CAROLINA CARING RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CAROLINA CARING RETIREMENT PLAN is $30,275.00

CAROLINA CARING RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CAROLINA CARING RETIREMENT PLAN is $2,270.00.

CAROLINA CARING RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in CAROLINA CARING RETIREMENT PLAN is approximately $1,731.00
Investing in this additonal $1,731.00 for 20 years would give you extra $110,807.00, assuming a 10% annual return.

CAROLINA CARING RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, CAROLINA CARING RETIREMENT PLAN allocates $723,710.00 to match its employees' contributions, providing an employer match rate of 78.69% of their contributions

CAROLINA CARING RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of CAROLINA CARING RETIREMENT PLAN is 24.09%.

CAROLINA CARING RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for CAROLINA CARING RETIREMENT PLAN is 15.17%. This measures the effectiveness of the plan participants' investments in the year.

CAROLINA CARING RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of CAROLINA CARING RETIREMENT PLAN is 0.35%.

Enrollment Features

CAROLINA CARING 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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