COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN
Plan Contact
- Address: 7621 REYNOLDS CIRCLE,HUNTINGTON BEACH,CA
- Contact person: SAMANTHA PHONG
- Phone: (714) 842-3185
Plan General Information
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN is $4,213,654.00.This plan was established in 2022.
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN is 313
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN is $13,462.00
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN is $909.00.
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN is approximately $577.00
Investing in this additonal $577.00 for 20 years would give you extra $36,979.00, assuming a 10% annual return.
Investing in this additonal $577.00 for 20 years would give you extra $36,979.00, assuming a 10% annual return.
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Total Employer Contribution and Match Rate
In 2021, COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN allocates $180,852.00 to match its employees' contributions, providing an employer match rate of 63.52% of their contributions
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN is 14.44%.
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN is 7.89%. This measures the effectiveness of the plan participants' investments in the year.
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) PLAN is 0.36%.
Enrollment Features
COVI CONCRETE CONSTRUCTION INC PROFIT SHARING 401(K) 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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