BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL
Plan Contact
- Address: 5315 W 19TH STREET,,PANAMA CITY,FL
- Contact person: ANGELA CHERRY
- Phone: (850) 784-8275
Plan General Information
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL is $50,008,337.00.This plan was established in 2022.
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL is 480
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Average Participant Retirement Account Value
In 2021, the average participant retirement account value for BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL is $104,184.00
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL is $3,560.00.
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL is approximately $1,512.00
Investing in this additonal $1,512.00 for 20 years would give you extra $96,774.00, assuming a 10% annual return.
Investing in this additonal $1,512.00 for 20 years would give you extra $96,774.00, assuming a 10% annual return.
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Total Employer Contribution and Match Rate
In 2021, BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL allocates $725,810.00 to match its employees' contributions, providing an employer match rate of 42.47% of their contributions
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL is -1.97%.
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL is 11.68%. This measures the effectiveness of the plan participants' investments in the year.
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL Expense Ratio
In 2021, the investment and administrative expense ratio of BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL is 0.30%.
Enrollment Features
BERG PIPE 401(K) INCENTIVE SAVINGS & RETIREMENT PL 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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