B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN

Plan Contact

  • Address: POST OFFICE BOX 420,JAMESVILLE,NY
  • Contact person: BRIGHAM BOOHER
  • Phone: (315) 492-1786

Plan General Information

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN is $13,084,924.00.This plan was established in 1984.

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN is 159

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN is $82,295.00

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN is $2,192.00.

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN is approximately $712.00
Investing in this additonal $712.00 for 20 years would give you extra $45,586.00, assuming a 10% annual return.

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN allocates $113,255.00 to match its employees' contributions, providing an employer match rate of 32.19% of their contributions

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN is 13.07%.

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN is 13.41%. This measures the effectiveness of the plan participants' investments in the year.

B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of B & B LUMBER COMPANY, INC. PROFIT SHARING PLAN is 0.20%.

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