BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST
Plan Contact
- Contact person: MICHAEL A. HEINEN
- Phone: (320) 252-6441
Plan General Information
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Total Retirement Plan Assets
At the end of 2001, the total retirement plan assets of BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST is $8,043,190.00.This plan was established in 1982.
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2001, the total number of retirement plan participants in BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST is 528
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Average Participant Retirement Account Value
In 2001, the average participant retirement account value for BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST is $15,233.00
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2001, the estimated average employee contribution amount per participant for BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST is $1,868.00.
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Estimated Average Employer Match
In 2001, the estimated average employer match for an employee in BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST is approximately $609.00
Investing in this additonal $609.00 for 20 years would give you extra $39,016.00, assuming a 10% annual return.
Investing in this additonal $609.00 for 20 years would give you extra $39,016.00, assuming a 10% annual return.
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Total Employer Contribution and Match Rate
In 2001, BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST allocates $321,885.00 to match its employees' contributions, providing an employer match rate of 65.26% of their contributions
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2001, the total retirement plan asset growth rate of BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST is -0.71%.
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2001, the estimated aggregate retirement account investment gain/loss for BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST is -7.39%. This measures the effectiveness of the plan participants' investments in the year.
BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST Expense Ratio
In 2001, the investment and administrative expense ratio of BERNICKS, INC. PROFIT SHARING 401K PLAN AND TRUST is 0.00%.
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