SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST
Plan Contact
- Address: 1403 JARET COURT,WEST COLUMBIA,SC
- Contact person: CATHY WALKER
- Phone: (803) 808-3966
Plan General Information
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST is $3,985,007.00.This plan was established in 1998.
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST is 105
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Average Participant Retirement Account Value
In 2022, the average participant retirement account value for SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST is $37,952.00
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST is $2,509.00.
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST is approximately $1,606.00
Investing in this additonal $1,606.00 for 20 years would give you extra $102,804.00, assuming a 10% annual return.
Investing in this additonal $1,606.00 for 20 years would give you extra $102,804.00, assuming a 10% annual return.
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Total Employer Contribution and Match Rate
In 2022, SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST allocates $168,663.00 to match its employees' contributions, providing an employer match rate of 60.83% of their contributions
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST is -14.25%.
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST is -13.53%. This measures the effectiveness of the plan participants' investments in the year.
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST Expense Ratio
In 2022, the investment and administrative expense ratio of SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION PLAN AND TRUST is 0.43%.
Enrollment Features
SOUTHERN DEVELOPMENT MANAGEMENT COMPANY, INC. 401(K) SALARY REDUCTION 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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