PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN

Plan Contact

  • Address: 300 LANDRUM MILL ROAD,LANDRUM,SC
  • Contact person: JANICE GARRETT
  • Phone: (864) 238-1212

Plan General Information

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is $928,381.00.This plan was established in 2019.

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is 142

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is $6,537.00

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is $1,809.00.

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is approximately $601.00
Investing in this additonal $601.00 for 20 years would give you extra $38,525.00, assuming a 10% annual return.

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2022, PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN allocates $85,479.00 to match its employees' contributions, providing an employer match rate of 66.53% of their contributions

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is -3.54%.

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is -8.08%. This measures the effectiveness of the plan participants' investments in the year.

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is 1.24%.

Enrollment Features

PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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