BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 555 FIRST STREET,SAN FERNANDO,CA
- Contact person: DIMITRI SAYEGH
- Phone: (818) 898-1521
Plan General Information
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN is $52,809,465.00.This plan was established in 1977.
BERNARDS BROS. 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 BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN is 499
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN is $105,830.00
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN is $6,941.00.
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN is approximately $2,271.00
Investing in this additonal $2,271.00 for 20 years would give you extra $145,370.00, assuming a 10% annual return.
Investing in this additonal $2,271.00 for 20 years would give you extra $145,370.00, assuming a 10% annual return.
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN allocates $1,133,433.00 to match its employees' contributions, providing an employer match rate of 33.98% of their contributions
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN is 18.46%.
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN is 21.30%. This measures the effectiveness of the plan participants' investments in the year.
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN is 0.03%.
Enrollment Features
BERNARDS BROS. INC. 401(K) PROFIT SHARING PLAN 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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