J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN
Plan Contact
- Address: PO BOX 670,,ALBERMARLE,NC
- Contact person: DAVID NORMAND
- Phone: (704) 982-2225
Plan General Information
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN is $4,734,360.00.This plan was established in 1987.
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN is 199
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN is $23,790.00
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN is $4,102.00.
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN is approximately $1,774.00
Investing in this additonal $1,774.00 for 20 years would give you extra $113,570.00, assuming a 10% annual return.
Investing in this additonal $1,774.00 for 20 years would give you extra $113,570.00, assuming a 10% annual return.
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN allocates $353,133.00 to match its employees' contributions, providing an employer match rate of 86.51% of their contributions
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN is 30.07%.
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN is 12.53%. This measures the effectiveness of the plan participants' investments in the year.
J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of J. T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN is 1.01%.
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