RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 120 S LAKE STREET,NORTH EAST,PA
- Contact person: ERISA FIDUCIARY SERVICES, INC
- Phone: (814) 347-1190
Plan General Information
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST is $6,807,462.00.This plan was established in 1995.
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST is 255
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST is $26,695.00
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST is $1,291.00.
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $908.00
Investing in this additonal $908.00 for 20 years would give you extra $58,166.00, assuming a 10% annual return.
Investing in this additonal $908.00 for 20 years would give you extra $58,166.00, assuming a 10% annual return.
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST allocates $231,756.00 to match its employees' contributions, providing an employer match rate of 74.31% of their contributions
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST is 20.46%.
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST is 17.99%. This measures the effectiveness of the plan participants' investments in the year.
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST is 0.31%.
Enrollment Features
RIDG-U-RAK INC 401(K) PROFIT SHARING PLAN & TRUST 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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