CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES
Plan Contact
- Address: 250 SW 36TH TERRACE,GAINESVILLE,FL
- Contact person: JEFFREY POMEROY
- Phone: (352) 548-3345
Plan General Information
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES is $17,825,295.00.This plan was established in 1987.
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES is 571
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES is $31,217.00
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES is $5,760.00.
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES is approximately $1,084.00
Investing in this additonal $1,084.00 for 20 years would give you extra $69,382.00, assuming a 10% annual return.
Investing in this additonal $1,084.00 for 20 years would give you extra $69,382.00, assuming a 10% annual return.
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Total Employer Contribution and Match Rate
In 2023, CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES allocates $619,020.00 to match its employees' contributions, providing an employer match rate of 37.64% of their contributions
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES is 18.28%.
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES is 16.73%. This measures the effectiveness of the plan participants' investments in the year.
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES is 0.39%.
Enrollment Features
CROM CORPORATION PROFIT SHARING/ 401(K) PLAN FOR EMPLOYEES 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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