CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN
Plan Contact
- Address: 1823 EASTCHESTER DRIVE,HIGH POINT,NC
- Contact person: TERESA A HUFFMAN
- Phone: (336) 889-5161
Plan General Information
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN is $49,292,504.00.This plan was established in 2022.
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN is 896
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN is $55,013.00
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN is $2,228.00.
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN is approximately $1,256.00
Investing in this additonal $1,256.00 for 20 years would give you extra $80,442.00, assuming a 10% annual return.
Investing in this additonal $1,256.00 for 20 years would give you extra $80,442.00, assuming a 10% annual return.
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Total Employer Contribution and Match Rate
In 2021, CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN allocates $1,126,189.00 to match its employees' contributions, providing an employer match rate of 56.41% of their contributions
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN is 4.34%.
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN is 10.61%. This measures the effectiveness of the plan participants' investments in the year.
CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of CULP, INC. EMPLOYEES RETIREMENT BUILDER PLAN is 0.24%.
Enrollment Features
CULP, INC. EMPLOYEES RETIREMENT BUILDER 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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