GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN

Plan Contact

  • Address: 4100 GOODLETTE RD N,NAPLES,FL
  • Contact person: MICHELLE GLEESON
  • Phone: (239) 261-3646

Plan General Information

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2019, the total retirement plan assets of GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN is $2,700,246.00.This plan was established in 1987.

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2019, the total number of retirement plan participants in GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN is 125

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Average Participant Retirement Account Value

In 2019, the average participant retirement account value for GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN is $21,601.00

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN is $11,153.00.

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Estimated Average Employer Match

In 2019, the estimated average employer match for an employee in GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN is approximately $1,826.00
Investing in this additonal $1,826.00 for 20 years would give you extra $116,913.00, assuming a 10% annual return.

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2019, GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN allocates $228,347.00 to match its employees' contributions, providing an employer match rate of 32.76% of their contributions

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2019, the total retirement plan asset growth rate of GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN is -78.23%.

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2019, the estimated aggregate retirement account investment gain/loss for GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN is -74.57%. This measures the effectiveness of the plan participants' investments in the year.

GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN Expense Ratio

In 2019, the investment and administrative expense ratio of GULFSHORE INSURANCE, INC. EMPLOYEES RETIREMENT PLAN is 1.91%.

Enrollment Features

GULFSHORE INSURANCE, INC. EMPLOYEES 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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