RAYMER BROTHERS, INC. 401(K) PLAN
Plan Contact
- Address: PO BOX 111,STATESVILLE,NC
- Contact person: LUCY SMITH
- Phone: (704) 872-3601
Plan General Information
RAYMER BROTHERS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of RAYMER BROTHERS, INC. 401(K) PLAN is $1,145,534.00.This plan was established in 2016.
RAYMER BROTHERS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in RAYMER BROTHERS, INC. 401(K) PLAN is 152
RAYMER BROTHERS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for RAYMER BROTHERS, INC. 401(K) PLAN is $7,536.00
RAYMER BROTHERS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for RAYMER BROTHERS, INC. 401(K) PLAN is $1,070.00.
RAYMER BROTHERS, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in RAYMER BROTHERS, INC. 401(K) PLAN is approximately $609.00
Investing in this additonal $609.00 for 20 years would give you extra $38,987.00, assuming a 10% annual return.
Investing in this additonal $609.00 for 20 years would give you extra $38,987.00, assuming a 10% annual return.
RAYMER BROTHERS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, RAYMER BROTHERS, INC. 401(K) PLAN allocates $92,595.00 to match its employees' contributions, providing an employer match rate of 56.16% of their contributions
RAYMER BROTHERS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of RAYMER BROTHERS, INC. 401(K) PLAN is -14.33%.
RAYMER BROTHERS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for RAYMER BROTHERS, INC. 401(K) PLAN is -16.18%. This measures the effectiveness of the plan participants' investments in the year.
RAYMER BROTHERS, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of RAYMER BROTHERS, INC. 401(K) PLAN is 0.44%.
Enrollment Features
RAYMER BROTHERS, 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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