CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN
Plan Contact
- Address: 2700 YORK ROAD,BURLINGTON,NC
- Contact person: JIM SCRUGGS
- Phone: (336) 538-6255
Plan General Information
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN is $44,241,635.00.This plan was established in 2022.
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN is 593
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN is $74,606.00
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN is $3,348.00.
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN is approximately $1,131.00
Investing in this additonal $1,131.00 for 20 years would give you extra $72,414.00, assuming a 10% annual return.
Investing in this additonal $1,131.00 for 20 years would give you extra $72,414.00, assuming a 10% annual return.
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2021, CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN allocates $670,961.00 to match its employees' contributions, providing an employer match rate of 33.79% of their contributions
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN is 16.84%.
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN is 15.20%. This measures the effectiveness of the plan participants' investments in the year.
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT PLAN is 0.39%.
Enrollment Features
CAROLINA BIOLOGICAL SUPPLY COMPANY SAVINGS AND PROFIT SHARING RETIREMENT 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.
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