RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST
Plan Contact
- Address: 555 FAIRMOUNT AVENUE,BALTIMORE,MD
- Contact person: KIMBERLY ANDERSON
- Phone: (443) 921-2547
Plan General Information
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Total Retirement Plan Assets
At the end of 2018, the total retirement plan assets of RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST is $40,626,781.00.This plan was established in 1996.
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2018, the total number of retirement plan participants in RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST is 338
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value
In 2018, the average participant retirement account value for RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST is $120,197.00
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2018, the estimated average employee contribution amount per participant for RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST is $10,060.00.
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Estimated Average Employer Match
In 2018, the estimated average employer match for an employee in RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST is approximately $3,228.00
Investing in this additonal $3,228.00 for 20 years would give you extra $206,631.00, assuming a 10% annual return.
Investing in this additonal $3,228.00 for 20 years would give you extra $206,631.00, assuming a 10% annual return.
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Total Employer Contribution and Match Rate
In 2018, RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST allocates $1,091,273.00 to match its employees' contributions, providing an employer match rate of 64.18% of their contributions
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2018, the total retirement plan asset growth rate of RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST is -7.92%.
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2018, the estimated aggregate retirement account investment gain/loss for RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST is -4.60%. This measures the effectiveness of the plan participants' investments in the year.
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST Expense Ratio
In 2018, the investment and administrative expense ratio of RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST is 0.17%.
Enrollment Features
RIGGS, COUNSELMAN, MICHAELS AND DOWNES, INC. THRIFT AND PROFIT SHARING PLAN AND TRUST 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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