BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN
Plan Contact
- Contact person: ANDREW H NETIONS
- Phone: (478) 746-7623
Plan General Information
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Total Retirement Plan Assets
At the end of 2004, the total retirement plan assets of BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN is $9,882,473.00.This plan was established in 1984.
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2004, the total number of retirement plan participants in BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN is 307
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Average Participant Retirement Account Value
In 2004, the average participant retirement account value for BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN is $32,190.00
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2004, the estimated average employee contribution amount per participant for BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN is $4,418.00.
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Estimated Average Employer Match
In 2004, the estimated average employer match for an employee in BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN is approximately $701.00
Investing in this additonal $701.00 for 20 years would give you extra $44,869.00, assuming a 10% annual return.
Investing in this additonal $701.00 for 20 years would give you extra $44,869.00, assuming a 10% annual return.
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Total Employer Contribution and Match Rate
In 2004, BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN allocates $215,232.00 to match its employees' contributions, providing an employer match rate of 31.73% of their contributions
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2004, the total retirement plan asset growth rate of BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN is 14.20%.
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2004, the estimated aggregate retirement account investment gain/loss for BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN is 11.68%. This measures the effectiveness of the plan participants' investments in the year.
BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN Expense Ratio
In 2004, the investment and administrative expense ratio of BEARINGS & DRIVES, INC. RETIREMENT AND SAVINGS PLAN is 0.29%.
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