FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN
Plan Contact
- Address: 906 EAST AIRPORT ROAD,URBANA,IL
- Contact person: JODI WOLKEN
- Phone: (217) 344-9200
Plan General Information
FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN is 183
FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN is $4,532.00.
FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN is approximately $1,232.00
Investing in this additonal $1,232.00 for 20 years would give you extra $78,848.00, assuming a 10% annual return.
Investing in this additonal $1,232.00 for 20 years would give you extra $78,848.00, assuming a 10% annual return.
FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2022, FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN allocates $225,457.00 to match its employees' contributions, providing an employer match rate of 27.86% of their contributions
Enrollment Features
FRASCA INTERNATIONAL, INC. EMPLOYEE 401K RETIREMENT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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