CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN

Plan Contact

  • Address: PO BOX 721610,NEWPORT,KY
  • Contact person: CHRIS LARSEN
  • Phone: (859) 442-4650

Plan General Information

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN is $50,927,010.00.This plan was established in 1970.

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN is 2224

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN is $22,898.00

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN is $1,476.00.

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN is approximately $669.00
Investing in this additonal $669.00 for 20 years would give you extra $42,823.00, assuming a 10% annual return.

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN allocates $1,488,100.00 to match its employees' contributions, providing an employer match rate of 38.86% of their contributions

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN is 4.05%.

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN is 15.11%. This measures the effectiveness of the plan participants' investments in the year.

CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of CASTELLINI EMPLOYEE SAVINGS AND PROFIT SHARING PLAN is 0.53%.

Enrollment Features

CASTELLINI EMPLOYEE SAVINGS AND 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.


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