BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN

Plan Contact

  • Address: 149 STEVE DRIVE,RUSSELL SPRINGS,KY
  • Phone: (270) 866-6930

Plan General Information

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN is $7,594,279.00.This plan was established in 1984.

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN is 123

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN is $61,742.00

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN is $1,872.00.

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN is approximately $1,463.00
Investing in this additonal $1,463.00 for 20 years would give you extra $93,646.00, assuming a 10% annual return.

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN allocates $179,976.00 to match its employees' contributions, providing an employer match rate of 75.69% of their contributions

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN is 14.35%.

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN is 14.87%. This measures the effectiveness of the plan participants' investments in the year.

BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of BENNETTS CARPETS, INC. 401(K) PROFIT SHARING PLAN is 0.05%.

Enrollment Features

BENNETTS CARPETS, INC. 401(K) 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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