PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN
Plan Contact
- Address: 5855 WEST MAIN STREET,DOTHAN,AL
- Contact person: JUSTIN PHILLIPS
- Phone: (800) 781-3060
Plan General Information
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN is $23,058,814.00.This plan was established in 2003.
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN is 1164
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN is $19,809.00
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN is $1,766.00.
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN is approximately $808.00
Investing in this additonal $808.00 for 20 years would give you extra $51,755.00, assuming a 10% annual return.
Investing in this additonal $808.00 for 20 years would give you extra $51,755.00, assuming a 10% annual return.
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Total Employer Contribution and Match Rate
In 2023, PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN allocates $941,302.00 to match its employees' contributions, providing an employer match rate of 52.17% of their contributions
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN is 56.13%.
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN is 44.23%. This measures the effectiveness of the plan participants' investments in the year.
PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PREMPLOYER, INC. MULTIPLE EMPLOYER PLAN is 0.68%.
Enrollment Features
PREMPLOYER, INC. MULTIPLE EMPLOYER 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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