WHITE HOUSE MOTEL PROFIT SHARING PLAN

Plan Contact

  • Address: 155 LITTLEFIELD AVE,BANGOR,ME
  • Contact person: JONATHAN WITHEE
  • Phone: (207) 862-3737

Plan General Information

WHITE HOUSE MOTEL PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of WHITE HOUSE MOTEL PROFIT SHARING PLAN is $12,373,101.00.This plan was established in 1986.

WHITE HOUSE MOTEL PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in WHITE HOUSE MOTEL PROFIT SHARING PLAN is 675

WHITE HOUSE MOTEL PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for WHITE HOUSE MOTEL PROFIT SHARING PLAN is $18,330.00

WHITE HOUSE MOTEL PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for WHITE HOUSE MOTEL PROFIT SHARING PLAN is $624.00.

WHITE HOUSE MOTEL PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in WHITE HOUSE MOTEL PROFIT SHARING PLAN is approximately $639.00
Investing in this additonal $639.00 for 20 years would give you extra $40,923.00, assuming a 10% annual return.

WHITE HOUSE MOTEL PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, WHITE HOUSE MOTEL PROFIT SHARING PLAN allocates $431,610.00 to match its employees' contributions, providing an employer match rate of 107.07% of their contributions

WHITE HOUSE MOTEL PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of WHITE HOUSE MOTEL PROFIT SHARING PLAN is 24.67%.

WHITE HOUSE MOTEL PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for WHITE HOUSE MOTEL PROFIT SHARING PLAN is 22.83%. This measures the effectiveness of the plan participants' investments in the year.

WHITE HOUSE MOTEL PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of WHITE HOUSE MOTEL PROFIT SHARING PLAN is 0.33%.

Enrollment Features

WHITE HOUSE MOTEL PROFIT SHARING PLAN 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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