GERBER CONSTRUCTION, INC. 401(K) PLAN
Plan Contact
- Address: 815 EAST 675 SOUTH,LEHI,UT
- Contact person: JUSTIN THOMPSON
- Phone: (801) 407-2028
Plan General Information
GERBER CONSTRUCTION, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of GERBER CONSTRUCTION, INC. 401(K) PLAN is $11,334,731.00.This plan was established in 2003.
GERBER CONSTRUCTION, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in GERBER CONSTRUCTION, INC. 401(K) PLAN is 122
GERBER CONSTRUCTION, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for GERBER CONSTRUCTION, INC. 401(K) PLAN is $92,907.00
GERBER CONSTRUCTION, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for GERBER CONSTRUCTION, INC. 401(K) PLAN is $9,270.00.
GERBER CONSTRUCTION, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in GERBER CONSTRUCTION, INC. 401(K) PLAN is approximately $2,278.00
Investing in this additonal $2,278.00 for 20 years would give you extra $145,826.00, assuming a 10% annual return.
Investing in this additonal $2,278.00 for 20 years would give you extra $145,826.00, assuming a 10% annual return.
GERBER CONSTRUCTION, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, GERBER CONSTRUCTION, INC. 401(K) PLAN allocates $277,981.00 to match its employees' contributions, providing an employer match rate of 49.16% of their contributions
GERBER CONSTRUCTION, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of GERBER CONSTRUCTION, INC. 401(K) PLAN is -13.07%.
GERBER CONSTRUCTION, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for GERBER CONSTRUCTION, INC. 401(K) PLAN is -17.30%. This measures the effectiveness of the plan participants' investments in the year.
GERBER CONSTRUCTION, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of GERBER CONSTRUCTION, INC. 401(K) PLAN is 0.63%.
Enrollment Features
GERBER CONSTRUCTION, INC. 401(K) 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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