RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS
Plan Contact
- Address: 4620 READING ROAD,CINCINNATI,OH
- Contact person: ERIC SCHNEIDER
- Phone: (513) 242-8800
Plan General Information
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS is $8,941,564.00.This plan was established in 1985.
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS is 116
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Average Participant Retirement Account Value
In 2019, the average participant retirement account value for RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS is $77,082.00
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS is $6,059.00.
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS is approximately $1,293.00
Investing in this additonal $1,293.00 for 20 years would give you extra $82,758.00, assuming a 10% annual return.
Investing in this additonal $1,293.00 for 20 years would give you extra $82,758.00, assuming a 10% annual return.
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Total Employer Contribution and Match Rate
In 2019, RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS allocates $150,000.00 to match its employees' contributions, providing an employer match rate of 42.68% of their contributions
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS is -2.08%.
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS is -1.40%. This measures the effectiveness of the plan participants' investments in the year.
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS Expense Ratio
In 2019, the investment and administrative expense ratio of RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS is 0.24%.
Enrollment Features
RICHARDS ELECTRIC SUPPLY CO. , INC. SAVINGS 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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