EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC.
Plan Contact
- Address: 11350 MCCORMICK RD STE 700,HUNT VALLEY,MD
- Contact person: MICHAEL HARGEST
- Phone: (410) 785-3274
Plan General Information
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. is $4,862,552.00.This plan was established in 2000.
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. is 564
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. is $8,621.00
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. is $990.00.
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. is approximately $294.00
Investing in this additonal $294.00 for 20 years would give you extra $18,823.00, assuming a 10% annual return.
Investing in this additonal $294.00 for 20 years would give you extra $18,823.00, assuming a 10% annual return.
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Total Employer Contribution and Match Rate
In 2023, EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. allocates $165,879.00 to match its employees' contributions, providing an employer match rate of 43.62% of their contributions
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. is 26.37%.
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. is 16.87%. This measures the effectiveness of the plan participants' investments in the year.
EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of EMPLOYEE BENEFIT PLAN OF RICHCROFT, INC. is 0.07%.
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