GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN
Plan Contact
- Address: 825 28 STREET SOUTH, UNIT E,FARGO,ND
- Contact person: KIMBERLY L GLIDDEN
- Phone: (701) 356-0814
Plan General Information
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN is $4,856,060.00.This plan was established in 1975.
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN is 120
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN is $40,467.00
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN is $2,159.00.
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN is approximately $1,000.00
Investing in this additonal $1,000.00 for 20 years would give you extra $64,033.00, assuming a 10% annual return.
Investing in this additonal $1,000.00 for 20 years would give you extra $64,033.00, assuming a 10% annual return.
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2022, GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN allocates $120,063.00 to match its employees' contributions, providing an employer match rate of 43.96% of their contributions
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN is -29.44%.
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN is -23.19%. This measures the effectiveness of the plan participants' investments in the year.
GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of GREMADA INDUSTRIES, INC. 401(K)/PROFIT SHARING PLAN is 0.52%.
Enrollment Features
GREMADA INDUSTRIES, 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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