RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN
Plan Contact
- Address: P.O. BOX 418,EVANSVILLE,IN
- Contact person: MICHELLE CHOATE
- Phone: (812) 428-9277
Plan General Information
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN is $67,502,626.00.This plan was established in 1986.
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN is 311
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN is $217,050.00
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN is $5,271.00.
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN is approximately $4,352.00
Investing in this additonal $4,352.00 for 20 years would give you extra $278,590.00, assuming a 10% annual return.
Investing in this additonal $4,352.00 for 20 years would give you extra $278,590.00, assuming a 10% annual return.
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN allocates $1,353,777.00 to match its employees' contributions, providing an employer match rate of 81.66% of their contributions
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN is 8.10%.
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN is 20.00%. This measures the effectiveness of the plan participants' investments in the year.
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS PLAN is -0.04%.
Enrollment Features
RED SPOT PAINT & VARNISH COMPANY, INC. EMPLOYEES' 401(K) SAVINGS 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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