DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN
Plan Contact
- Contact person: CIT LL
- Phone: (828) 524-2922
Plan General Information
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Total Retirement Plan Assets
At the end of 2008, the total retirement plan assets of DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN is $7,380,490.00.This plan was established in 1994.
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Total Number of Retirement Plan Participants
At the end of 2008, the total number of retirement plan participants in DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN is 371
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Average Participant Retirement Account Value
In 2008, the average participant retirement account value for DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN is $19,893.00
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Estimated Average Employee Contribution Amount
In 2008, the estimated average employee contribution amount per participant for DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN is $4,788.00.
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Estimated Average Employer Match
In 2008, the estimated average employer match for an employee in DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN is approximately $1,255.00
Investing in this additonal $1,255.00 for 20 years would give you extra $80,377.00, assuming a 10% annual return.
Investing in this additonal $1,255.00 for 20 years would give you extra $80,377.00, assuming a 10% annual return.
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Total Employer Contribution and Match Rate
In 2008, DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN allocates $465,937.00 to match its employees' contributions, providing an employer match rate of 52.46% of their contributions
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Total Retirement Plan Asset Growth Rate
In 2008, the total retirement plan asset growth rate of DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN is -21.36%.
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2008, the estimated aggregate retirement account investment gain/loss for DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN is -28.89%. This measures the effectiveness of the plan participants' investments in the year.
DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN Expense Ratio
In 2008, the investment and administrative expense ratio of DRAKE ENTERPRISES, LTD. 401K RETI REMENT PLAN is 0.05%.
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