BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN
Plan Contact
- Address: 612 MADISON AVENUE P.O. BOX 1400,SUFFOLK,VA
- Contact person: GEORGE Y. BIRDSONG
- Phone: (757) 514-0115
Plan General Information
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN is $57,904,639.00.This plan was established in 1999.
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN is 962
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN is $60,191.00
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN is $4,777.00.
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN is approximately $2,205.00
Investing in this additonal $2,205.00 for 20 years would give you extra $141,131.00, assuming a 10% annual return.
Investing in this additonal $2,205.00 for 20 years would give you extra $141,131.00, assuming a 10% annual return.
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Total Employer Contribution and Match Rate
In 2023, BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN allocates $2,121,386.00 to match its employees' contributions, providing an employer match rate of 92.32% of their contributions
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN is 9.62%.
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN is 10.75%. This measures the effectiveness of the plan participants' investments in the year.
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION PLAN is 0.21%.
Enrollment Features
BIRDSONG CORPORATION 401(K) MATCHING & PROFIT SHARING CONTRIBUTION 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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