THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC.
Plan Contact
- Address: 34 N. MERAMEC AVE,ST. LOUIS,MO
- Contact person: MARIE FERGUSON
- Phone: (314) 573-9200
Plan General Information
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. is $1,745,880,036.00.This plan was established in 1956.
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. is 11520
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. is $151,552.00
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. is $3,492.00.
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. is approximately $5,327.00
Investing in this additonal $5,327.00 for 20 years would give you extra $340,940.00, assuming a 10% annual return.
Investing in this additonal $5,327.00 for 20 years would give you extra $340,940.00, assuming a 10% annual return.
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Total Employer Contribution and Match Rate
In 2023, THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. allocates $61,369,271.00 to match its employees' contributions, providing an employer match rate of 162.01% of their contributions
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. is 15.54%.
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. is 18.11%. This measures the effectiveness of the plan participants' investments in the year.
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. is 0.06%.
Enrollment Features
THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. 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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