401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC.
Plan Contact
- Address: PO BOX 7577,MYRTLE BEACH,SC
- Contact person: CHAD CARLSON
- Phone: (843) 448-5123
Plan General Information
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. is $23,480,821.00.This plan was established in 1987.
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. is 232
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. is $101,210.00
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. is $2,572.00.
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. is approximately $1,330.00
Investing in this additonal $1,330.00 for 20 years would give you extra $85,134.00, assuming a 10% annual return.
Investing in this additonal $1,330.00 for 20 years would give you extra $85,134.00, assuming a 10% annual return.
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Total Employer Contribution and Match Rate
In 2023, 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. allocates $308,614.00 to match its employees' contributions, providing an employer match rate of 49.89% of their contributions
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. is 21.30%.
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. is 19.09%. This measures the effectiveness of the plan participants' investments in the year.
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of 401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN COMPANY, INC. is 0.08%.
Enrollment Features
401(K) PROFIT SHARING PLAN & TRUST OF BURROUGHS & CHAPIN 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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