FLOWER CITY GROUP, INC. SAVINGS PLAN
Plan Contact
- Address: 1725 MT. READ BLVD.,ROCHESTER,NY
- Contact person: JOSEPH BURGE
- Phone: (585) 663-9000
Plan General Information
FLOWER CITY GROUP, INC. SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FLOWER CITY GROUP, INC. SAVINGS PLAN is $17,325,279.00.This plan was established in 1985.
FLOWER CITY GROUP, INC. SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FLOWER CITY GROUP, INC. SAVINGS PLAN is 353
FLOWER CITY GROUP, INC. SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FLOWER CITY GROUP, INC. SAVINGS PLAN is $49,080.00
FLOWER CITY GROUP, INC. SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FLOWER CITY GROUP, INC. SAVINGS PLAN is $3,621.00.
FLOWER CITY GROUP, INC. SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FLOWER CITY GROUP, INC. SAVINGS PLAN is approximately $1,198.00
Investing in this additonal $1,198.00 for 20 years would give you extra $76,695.00, assuming a 10% annual return.
Investing in this additonal $1,198.00 for 20 years would give you extra $76,695.00, assuming a 10% annual return.
FLOWER CITY GROUP, INC. SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, FLOWER CITY GROUP, INC. SAVINGS PLAN allocates $423,023.00 to match its employees' contributions, providing an employer match rate of 34.01% of their contributions
FLOWER CITY GROUP, INC. SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FLOWER CITY GROUP, INC. SAVINGS PLAN is -1.46%.
FLOWER CITY GROUP, INC. SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FLOWER CITY GROUP, INC. SAVINGS PLAN is 14.95%. This measures the effectiveness of the plan participants' investments in the year.
FLOWER CITY GROUP, INC. SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FLOWER CITY GROUP, INC. SAVINGS PLAN is 0.55%.
Enrollment Features
FLOWER CITY GROUP, INC. SAVINGS PLAN 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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