FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 3820 PENN BELT PLACE,FORESTVILLE,MD
- Contact person: LORRAINE PENDER
- Phone: (301) 967-6800
Plan General Information
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN is $9,518,531.00.This plan was established in 1996.
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN is 198
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN is $48,073.00
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN is $2,785.00.
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN is approximately $413.00
Investing in this additonal $413.00 for 20 years would give you extra $26,445.00, assuming a 10% annual return.
Investing in this additonal $413.00 for 20 years would give you extra $26,445.00, assuming a 10% annual return.
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN allocates $81,816.00 to match its employees' contributions, providing an employer match rate of 13.92% of their contributions
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN is 10.25%.
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN is 13.30%. This measures the effectiveness of the plan participants' investments in the year.
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & RETIREMENT PLAN is 0.58%.
Enrollment Features
FLIPPO CONSTRUCTION COMPANY, INC. SAVINGS & 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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