GOWER CORPORATION 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: P.O. BOX 6767,GREENVILLE,SC
- Contact person: BILL MAURITZ
- Phone: (864) 458-3114
Plan General Information
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GOWER CORPORATION 401(K) PROFIT SHARING PLAN is $25,899,130.00.This plan was established in 1960.
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GOWER CORPORATION 401(K) PROFIT SHARING PLAN is 292
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GOWER CORPORATION 401(K) PROFIT SHARING PLAN is $88,695.00
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GOWER CORPORATION 401(K) PROFIT SHARING PLAN is $3,484.00.
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GOWER CORPORATION 401(K) PROFIT SHARING PLAN is approximately $8,301.00
Investing in this additonal $8,301.00 for 20 years would give you extra $531,312.00, assuming a 10% annual return.
Investing in this additonal $8,301.00 for 20 years would give you extra $531,312.00, assuming a 10% annual return.
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, GOWER CORPORATION 401(K) PROFIT SHARING PLAN allocates $2,424,114.00 to match its employees' contributions, providing an employer match rate of 245.79% of their contributions
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GOWER CORPORATION 401(K) PROFIT SHARING PLAN is -9.54%.
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GOWER CORPORATION 401(K) PROFIT SHARING PLAN is -10.14%. This measures the effectiveness of the plan participants' investments in the year.
GOWER CORPORATION 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GOWER CORPORATION 401(K) PROFIT SHARING PLAN is 0.36%.
Enrollment Features
GOWER CORPORATION 401(K) PROFIT SHARING PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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