G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN
Plan Contact
- Address: 900 JEFFERSON ROAD,ROCHESTER,NY
- Contact person: MELISSA SWEM
- Phone: (585) 424-3210
Plan General Information
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN is $35,513,703.00.This plan was established in 1970.
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN is 877
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN is $40,494.00
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN is $4,486.00.
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN is approximately $1,050.00
Investing in this additonal $1,050.00 for 20 years would give you extra $67,236.00, assuming a 10% annual return.
Investing in this additonal $1,050.00 for 20 years would give you extra $67,236.00, assuming a 10% annual return.
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN allocates $921,345.00 to match its employees' contributions, providing an employer match rate of 25.20% of their contributions
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN is 27.32%.
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN is 16.13%. This measures the effectiveness of the plan participants' investments in the year.
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT PLAN is 0.35%.
Enrollment Features
G&C FOODS/PALMER FOOD SERVICE - 401(K) RETIREMENT 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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