FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING
Plan Contact
- Address: 2 N CHARLES ST STE 600,BALTIMORE,MD
- Contact person: STEPHANIE HARRISON
- Phone: (410) 752-8700
Plan General Information
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING is $21,801,727.00.This plan was established in 2000.
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING is 209
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING is $104,314.00
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING is $4,688.00.
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING is approximately $4,060.00
Investing in this additonal $4,060.00 for 20 years would give you extra $259,886.00, assuming a 10% annual return.
Investing in this additonal $4,060.00 for 20 years would give you extra $259,886.00, assuming a 10% annual return.
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Total Employer Contribution and Match Rate
In 2023, FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING allocates $848,693.00 to match its employees' contributions, providing an employer match rate of 87.66% of their contributions
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING is 3.63%.
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING is 16.41%. This measures the effectiveness of the plan participants' investments in the year.
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING Expense Ratio
In 2023, the investment and administrative expense ratio of FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING is 0.03%.
Enrollment Features
FRANKLIN & PROKOPIK 401(K) SAVINGS & PROFIT SHARING has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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