FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST

Plan Contact

  • Address: 14301 INDUSTRIAL DRIVE NORTH,MAPLE HEIGHTS,OH
  • Contact person: LINDA CLIFFORD
  • Phone: (216) 941-7727

Plan General Information

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST is $4,215,397.00.This plan was established in 2004.

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST is 123

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Average Participant Retirement Account Value

In 2022, the average participant retirement account value for FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST is $34,271.00

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST is $9,573.00.

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST is approximately $2,011.00
Investing in this additonal $2,011.00 for 20 years would give you extra $128,713.00, assuming a 10% annual return.

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Total Employer Contribution and Match Rate

In 2022, FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST allocates $247,371.00 to match its employees' contributions, providing an employer match rate of 42.01% of their contributions

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST is -2.21%.

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST is -16.28%. This measures the effectiveness of the plan participants' investments in the year.

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST Expense Ratio

In 2022, the investment and administrative expense ratio of FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST is 0.88%.

Enrollment Features

FACTORY DIRECT 401(K) PROFIT SHARING AND TRUST 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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