CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN
Plan Contact
- Address: 3100 SMITH FARM ROAD,,MATTHEWS,NC
- Contact person: JULIE BOLTON-WILLIAMS
- Phone: (704) 821-7015
Plan General Information
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN is $51,327,329.00.This plan was established in 1980.
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN is 303
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN is $169,397.00
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN is $11,706.00.
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN is approximately $4,786.00
Investing in this additonal $4,786.00 for 20 years would give you extra $306,337.00, assuming a 10% annual return.
Investing in this additonal $4,786.00 for 20 years would give you extra $306,337.00, assuming a 10% annual return.
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN allocates $1,450,317.00 to match its employees' contributions, providing an employer match rate of 81.77% of their contributions
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN is 14.58%.
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN is 14.99%. This measures the effectiveness of the plan participants' investments in the year.
CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CEM CORPORATION SALARY REDUCTION PROFIT SHARING PLAN is 0.08%.
Enrollment Features
CEM CORPORATION SALARY REDUCTION PROFIT SHARING 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.
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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