GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 112 WESTMINSTER PIKE,REISTERTOWN,MD
- Contact person: BOB KOLAREK
- Phone: (410) 833-9833
Plan General Information
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN is $26,543,613.00.This plan was established in 1984.
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN is 307
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN is $86,461.00
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN is $4,392.00.
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN is approximately $3,090.00
Investing in this additonal $3,090.00 for 20 years would give you extra $197,820.00, assuming a 10% annual return.
Investing in this additonal $3,090.00 for 20 years would give you extra $197,820.00, assuming a 10% annual return.
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN allocates $948,921.00 to match its employees' contributions, providing an employer match rate of 75.27% of their contributions
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN is 19.39%.
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN is 15.46%. This measures the effectiveness of the plan participants' investments in the year.
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GAINES AND COMPANY, INC. 401(K) PROFIT SHARING PLAN is 0.34%.
Enrollment Features
GAINES AND COMPANY, INC. 401(K) PROFIT SHARING 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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