AERMOR 401(K) PLAN 002
Plan Contact
- Address: 207 BUSINESS PARK DRIVE, SUITE 100,VIRGINIA BEACH,VA
- Phone: (757) 214-0501
Plan General Information
AERMOR 401(K) PLAN 002 Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AERMOR 401(K) PLAN 002 is $8,471,571.00.This plan was established in 2017.
AERMOR 401(K) PLAN 002 Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AERMOR 401(K) PLAN 002 is 320
AERMOR 401(K) PLAN 002 Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AERMOR 401(K) PLAN 002 is $26,473.00
AERMOR 401(K) PLAN 002 Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AERMOR 401(K) PLAN 002 is $4,956.00.
AERMOR 401(K) PLAN 002 Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AERMOR 401(K) PLAN 002 is approximately $951.00
Investing in this additonal $951.00 for 20 years would give you extra $60,867.00, assuming a 10% annual return.
Investing in this additonal $951.00 for 20 years would give you extra $60,867.00, assuming a 10% annual return.
AERMOR 401(K) PLAN 002 Total Employer Contribution and Match Rate
In 2023, AERMOR 401(K) PLAN 002 allocates $304,337.00 to match its employees' contributions, providing an employer match rate of 21.58% of their contributions
AERMOR 401(K) PLAN 002 Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AERMOR 401(K) PLAN 002 is 39.13%.
AERMOR 401(K) PLAN 002 Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AERMOR 401(K) PLAN 002 is 16.63%. This measures the effectiveness of the plan participants' investments in the year.
AERMOR 401(K) PLAN 002 Expense Ratio
In 2023, the investment and administrative expense ratio of AERMOR 401(K) PLAN 002 is 1.05%.
Enrollment Features
AERMOR 401(K) PLAN 002 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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