CARRIER RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 13995 PASTEUR BLVD,PALM BEACH GARDENS,FL
- Contact person: MIKE KONCHAN
- Phone: (561) 365-2000
Plan General Information
CARRIER RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CARRIER RETIREMENT SAVINGS PLAN is $790,990,468.00.This plan was established in 2020.
CARRIER RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CARRIER RETIREMENT SAVINGS PLAN is 14152
CARRIER RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CARRIER RETIREMENT SAVINGS PLAN is $55,892.00
CARRIER RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CARRIER RETIREMENT SAVINGS PLAN is $8,500.00.
CARRIER RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CARRIER RETIREMENT SAVINGS PLAN is approximately $6,057.00
Investing in this additonal $6,057.00 for 20 years would give you extra $387,660.00, assuming a 10% annual return.
Investing in this additonal $6,057.00 for 20 years would give you extra $387,660.00, assuming a 10% annual return.
CARRIER RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, CARRIER RETIREMENT SAVINGS PLAN allocates $85,721,492.00 to match its employees' contributions, providing an employer match rate of 76.94% of their contributions
CARRIER RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CARRIER RETIREMENT SAVINGS PLAN is 49.91%.
CARRIER RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CARRIER RETIREMENT SAVINGS PLAN is 17.05%. This measures the effectiveness of the plan participants' investments in the year.
CARRIER RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CARRIER RETIREMENT SAVINGS PLAN is 0.19%.
Enrollment Features
CARRIER RETIREMENT SAVINGS 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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