SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN
Plan Contact
- Address: 9048 NORTHFIELD DRIVE,FORT MILL,SC
- Contact person: DANNY W SIMPSON
- Phone: (704) 821-5200
Plan General Information
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN is $3,956,075.00.This plan was established in 1967.
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN is 118
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN is $33,526.00
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN is $2,293.00.
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN is approximately $508.00
Investing in this additonal $508.00 for 20 years would give you extra $32,567.00, assuming a 10% annual return.
Investing in this additonal $508.00 for 20 years would give you extra $32,567.00, assuming a 10% annual return.
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN allocates $60,047.00 to match its employees' contributions, providing an employer match rate of 20.29% of their contributions
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN is 25.62%.
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN is 18.32%. This measures the effectiveness of the plan participants' investments in the year.
SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SIMPSON ELECTRIC COMPANY PROFIT SHARING PLAN is 0.39%.
Enrollment Features
SIMPSON ELECTRIC COMPANY PROFIT SHARING 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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