INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES
Plan Contact
- Address: PO BOX 1842,STATESVILLE,NC
- Contact person: BETH PHILLIPS
- Phone: (704) 873-7202
Plan General Information
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Total Retirement Plan Assets
At the end of 2016, the total retirement plan assets of INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES is $30,994,533.00.This plan was established in 1984.
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2016, the total number of retirement plan participants in INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES is 492
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Average Participant Retirement Account Value
In 2016, the average participant retirement account value for INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES is $62,997.00
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Estimated Average Employee Contribution Amount
In 2016, the estimated average employee contribution amount per participant for INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES is $6,115.00.
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Estimated Average Employer Match
In 2016, the estimated average employer match for an employee in INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES is approximately $2,148.00
Investing in this additonal $2,148.00 for 20 years would give you extra $137,533.00, assuming a 10% annual return.
Investing in this additonal $2,148.00 for 20 years would give you extra $137,533.00, assuming a 10% annual return.
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Total Employer Contribution and Match Rate
In 2016, INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES allocates $1,057,291.00 to match its employees' contributions, providing an employer match rate of 70.28% of their contributions
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2016, the total retirement plan asset growth rate of INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES is 11.69%.
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2016, the estimated aggregate retirement account investment gain/loss for INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES is 5.76%. This measures the effectiveness of the plan participants' investments in the year.
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES Expense Ratio
In 2016, the investment and administrative expense ratio of INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES is 0.06%.
Enrollment Features
INCENTIVE SAVINGS PLAN FOR SALARY AND HOURLY EMPLOYEES 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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