GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 1831 N PARK AVE,BURLINGTON,NC
- Contact person: CHRISTOPHER ROACH
- Phone: (336) 227-6211
Plan General Information
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN is $113,307,410.00.This plan was established in 1988.
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN is 2102
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN is $53,904.00
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN is $3,039.00.
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN is approximately $582.00
Investing in this additonal $582.00 for 20 years would give you extra $37,260.00, assuming a 10% annual return.
Investing in this additonal $582.00 for 20 years would give you extra $37,260.00, assuming a 10% annual return.
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN allocates $1,223,784.00 to match its employees' contributions, providing an employer match rate of 19.99% of their contributions
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN is 12.82%.
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN is 15.15%. This measures the effectiveness of the plan participants' investments in the year.
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT SAVINGS PLAN is 0.16%.
Enrollment Features
GLEN RAVEN, INC. EMPLOYEES 401(K) RETIREMENT 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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