RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN
Plan Contact
- Address: 1500 MILL CREEK ROAD, PO BOX 72,MOUNT HOPE,WV
- Phone: (304) 877-5503
Plan General Information
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN is $2,568,659.00.This plan was established in 1992.
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN is 172
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN is $14,934.00
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN is $758.00.
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN is approximately $202.00
Investing in this additonal $202.00 for 20 years would give you extra $12,990.00, assuming a 10% annual return.
Investing in this additonal $202.00 for 20 years would give you extra $12,990.00, assuming a 10% annual return.
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN allocates $34,912.00 to match its employees' contributions, providing an employer match rate of 26.46% of their contributions
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN is -19.63%.
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN is -11.67%. This measures the effectiveness of the plan participants' investments in the year.
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) PLAN is 0.77%.
Enrollment Features
RALEIGH MINE & INDUSTRIAL SUPPLY, INC. 401(K) 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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