FAISON & ASSOCIATES RETIREMENT PLAN
Plan Contact
- Address: 121 WEST TRADE STREET, SUITE 2800,CHARLOTTE,NC
- Contact person: NANCY LOPER
- Phone: (704) 972-2542
Plan General Information
FAISON & ASSOCIATES RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2016, the total retirement plan assets of FAISON & ASSOCIATES RETIREMENT PLAN is $14,113,999.00.This plan was established in 1990.
FAISON & ASSOCIATES RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2016, the total number of retirement plan participants in FAISON & ASSOCIATES RETIREMENT PLAN is 166
FAISON & ASSOCIATES RETIREMENT PLAN Average Participant Retirement Account Value
In 2016, the average participant retirement account value for FAISON & ASSOCIATES RETIREMENT PLAN is $85,024.00
FAISON & ASSOCIATES RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2016, the estimated average employee contribution amount per participant for FAISON & ASSOCIATES RETIREMENT PLAN is $3,658.00.
FAISON & ASSOCIATES RETIREMENT PLAN Estimated Average Employer Match
In 2016, the estimated average employer match for an employee in FAISON & ASSOCIATES RETIREMENT PLAN is approximately $1,016.00
Investing in this additonal $1,016.00 for 20 years would give you extra $65,046.00, assuming a 10% annual return.
Investing in this additonal $1,016.00 for 20 years would give you extra $65,046.00, assuming a 10% annual return.
FAISON & ASSOCIATES RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2016, FAISON & ASSOCIATES RETIREMENT PLAN allocates $168,714.00 to match its employees' contributions, providing an employer match rate of 55.56% of their contributions
FAISON & ASSOCIATES RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2016, the total retirement plan asset growth rate of FAISON & ASSOCIATES RETIREMENT PLAN is -14.32%.
FAISON & ASSOCIATES RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2016, the estimated aggregate retirement account investment gain/loss for FAISON & ASSOCIATES RETIREMENT PLAN is 8.40%. This measures the effectiveness of the plan participants' investments in the year.
FAISON & ASSOCIATES RETIREMENT PLAN Expense Ratio
In 2016, the investment and administrative expense ratio of FAISON & ASSOCIATES RETIREMENT PLAN is 0.46%.
Enrollment Features
FAISON & ASSOCIATES 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.
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