RBC UTILITIES, INC 401K RETIREMENT PLAN

Plan Contact

  • Address: 4381 CHARLOTTE HIGHWAY SUITE 101,LAKE WYLIE,SC
  • Contact person: ROSE CUMMINGS
  • Phone: (704) 622-8003

Plan General Information

RBC UTILITIES, INC 401K RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of RBC UTILITIES, INC 401K RETIREMENT PLAN is $1,509,600.00.This plan was established in 2013.

RBC UTILITIES, INC 401K RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in RBC UTILITIES, INC 401K RETIREMENT PLAN is 144

RBC UTILITIES, INC 401K RETIREMENT PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for RBC UTILITIES, INC 401K RETIREMENT PLAN is $10,483.00

RBC UTILITIES, INC 401K RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for RBC UTILITIES, INC 401K RETIREMENT PLAN is $1,353.00.

RBC UTILITIES, INC 401K RETIREMENT PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in RBC UTILITIES, INC 401K RETIREMENT PLAN is approximately $666.00
Investing in this additonal $666.00 for 20 years would give you extra $42,652.00, assuming a 10% annual return.

RBC UTILITIES, INC 401K RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2022, RBC UTILITIES, INC 401K RETIREMENT PLAN allocates $95,967.00 to match its employees' contributions, providing an employer match rate of 52.91% of their contributions

RBC UTILITIES, INC 401K RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of RBC UTILITIES, INC 401K RETIREMENT PLAN is -10.35%.

RBC UTILITIES, INC 401K RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for RBC UTILITIES, INC 401K RETIREMENT PLAN is -14.78%. This measures the effectiveness of the plan participants' investments in the year.

RBC UTILITIES, INC 401K RETIREMENT PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of RBC UTILITIES, INC 401K RETIREMENT PLAN is 0.65%.

Enrollment Features

RBC UTILITIES, INC 401K RETIREMENT 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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