GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS
Plan Contact
- Address: P.O. BOX 245,POWELL,OH
- Contact person: EDWARD REUSCH
- Phone: (740) 881-5501
Plan General Information
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS is $15,932,926.00.This plan was established in 1979.
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS is 161
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS is $98,962.00
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS is $3,108.00.
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS is approximately $4,158.00
Investing in this additonal $4,158.00 for 20 years would give you extra $266,118.00, assuming a 10% annual return.
Investing in this additonal $4,158.00 for 20 years would give you extra $266,118.00, assuming a 10% annual return.
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Total Employer Contribution and Match Rate
In 2023, GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS allocates $669,454.00 to match its employees' contributions, providing an employer match rate of 141.68% of their contributions
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS is 2.45%.
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS is 16.93%. This measures the effectiveness of the plan participants' investments in the year.
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS Expense Ratio
In 2023, the investment and administrative expense ratio of GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS is 0.22%.
Enrollment Features
GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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