CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN
Plan Contact
- Address: 4949 VA BEACH BLVD,VIRGINIA BEACH,VA
- Contact person: SHERRY KACHUR DOWDY
- Phone: (757) 437-4000
Plan General Information
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN is $14,380,015.00.This plan was established in 1983.
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN is 260
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN is $55,307.00
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN is $1,952.00.
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN is approximately $491.00
Investing in this additonal $491.00 for 20 years would give you extra $31,426.00, assuming a 10% annual return.
Investing in this additonal $491.00 for 20 years would give you extra $31,426.00, assuming a 10% annual return.
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN allocates $127,670.00 to match its employees' contributions, providing an employer match rate of 17.70% of their contributions
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN is 7.14%.
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN is 16.77%. This measures the effectiveness of the plan participants' investments in the year.
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN is 0.34%.
Enrollment Features
CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING 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.
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