CROSS RETIREMENT PLAN
Plan Contact
- Address: 491 MAIN STREET,BANGOR,ME
- Contact person: KEVIN PLATUKIS
- Phone: (207) 947-7345
Plan General Information
CROSS RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CROSS RETIREMENT PLAN is $121,229,972.00.This plan was established in 1996.
CROSS RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CROSS RETIREMENT PLAN is 1276
CROSS RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CROSS RETIREMENT PLAN is $95,007.00
CROSS RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CROSS RETIREMENT PLAN is $6,977.00.
CROSS RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CROSS RETIREMENT PLAN is approximately $2,727.00
Investing in this additonal $2,727.00 for 20 years would give you extra $174,548.00, assuming a 10% annual return.
Investing in this additonal $2,727.00 for 20 years would give you extra $174,548.00, assuming a 10% annual return.
CROSS RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, CROSS RETIREMENT PLAN allocates $3,480,053.00 to match its employees' contributions, providing an employer match rate of 41.27% of their contributions
CROSS RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CROSS RETIREMENT PLAN is 33.73%.
CROSS RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CROSS RETIREMENT PLAN is 20.49%. This measures the effectiveness of the plan participants' investments in the year.
CROSS RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CROSS RETIREMENT PLAN is 0.14%.
Enrollment Features
CROSS RETIREMENT 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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