DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 2402 SHORE STREET,HIGH POINT,NC
- Contact person: JENNIFER H CASHION
- Phone: (336) 861-2485
Plan General Information
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN is $2,183,014.00.This plan was established in 1985.
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN is 116
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN is $18,819.00
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN is $1,487.00.
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN is approximately $59.00
Investing in this additonal $59.00 for 20 years would give you extra $3,826.00, assuming a 10% annual return.
Investing in this additonal $59.00 for 20 years would give you extra $3,826.00, assuming a 10% annual return.
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2022, DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN allocates $6,935.00 to match its employees' contributions, providing an employer match rate of 4.04% of their contributions
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN is -12.61%.
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN is -16.85%. This measures the effectiveness of the plan participants' investments in the year.
DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of DARRAN FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN is 0.06%.
Enrollment Features
DARRAN FURNITURE INDUSTRIES, INC. 401(K) 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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