GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST
Plan Contact
- Address: 11301 OKEECHOBEE BLVD,,WEST PALM BEACH,FL
- Phone: (561) 963-5500
Plan General Information
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST is $6,195,907.00.This plan was established in 2003.
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST is 114
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value
In 2022, the average participant retirement account value for GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST is $54,350.00
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST is $3,829.00.
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST is approximately $2,644.00
Investing in this additonal $2,644.00 for 20 years would give you extra $169,239.00, assuming a 10% annual return.
Investing in this additonal $2,644.00 for 20 years would give you extra $169,239.00, assuming a 10% annual return.
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Total Employer Contribution and Match Rate
In 2022, GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST allocates $301,457.00 to match its employees' contributions, providing an employer match rate of 57.67% of their contributions
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST is -12.42%.
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST is -16.74%. This measures the effectiveness of the plan participants' investments in the year.
GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST Expense Ratio
In 2022, the investment and administrative expense ratio of GROELLE & SALMON 401(K) PROFIT SHARING PLAN AND TRUST is 0.84%.
Enrollment Features
GROELLE & SALMON 401(K) PROFIT SHARING PLAN 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.
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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