CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN
Plan Contact
- Address: 150 CONWAY BLACK RD,SPARTANBURG,SC
- Contact person: SHEILA ALEXANDER
- Phone: (864) 579-8881
Plan General Information
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN is $2,610,618.00.This plan was established in 2016.
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN is 135
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN is $19,337.00
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN is $2,813.00.
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN is approximately $1,363.00
Investing in this additonal $1,363.00 for 20 years would give you extra $87,270.00, assuming a 10% annual return.
Investing in this additonal $1,363.00 for 20 years would give you extra $87,270.00, assuming a 10% annual return.
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN allocates $184,087.00 to match its employees' contributions, providing an employer match rate of 52.56% of their contributions
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN is 1.76%.
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN is -15.69%. This measures the effectiveness of the plan participants' investments in the year.
CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN is 0.06%.
Enrollment Features
CLARY HOOD AND ASSOCIATES, INC. 401(K) 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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