MAYO KNITTING MILL, INC. 401(K) PLAN

Plan Contact

  • Address: 2204 AUSTIN STREET,TARBORO,NC
  • Contact person: C.W. MAYO IV
  • Phone: (252) 823-3101

Plan General Information

MAYO KNITTING MILL, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2011, the total retirement plan assets of MAYO KNITTING MILL, INC. 401(K) PLAN is $2,403,366.00.This plan was established in 1964.

MAYO KNITTING MILL, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2011, the total number of retirement plan participants in MAYO KNITTING MILL, INC. 401(K) PLAN is 115

MAYO KNITTING MILL, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2011, the average participant retirement account value for MAYO KNITTING MILL, INC. 401(K) PLAN is $20,898.00

MAYO KNITTING MILL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2011, the estimated average employee contribution amount per participant for MAYO KNITTING MILL, INC. 401(K) PLAN is $1,236.00.

MAYO KNITTING MILL, INC. 401(K) PLAN Estimated Average Employer Match

In 2011, the estimated average employer match for an employee in MAYO KNITTING MILL, INC. 401(K) PLAN is approximately $223.00
Investing in this additonal $223.00 for 20 years would give you extra $14,315.00, assuming a 10% annual return.

MAYO KNITTING MILL, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2011, MAYO KNITTING MILL, INC. 401(K) PLAN allocates $25,723.00 to match its employees' contributions, providing an employer match rate of 36.18% of their contributions

MAYO KNITTING MILL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2011, the total retirement plan asset growth rate of MAYO KNITTING MILL, INC. 401(K) PLAN is -17.50%.

MAYO KNITTING MILL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2011, the estimated aggregate retirement account investment gain/loss for MAYO KNITTING MILL, INC. 401(K) PLAN is -2.38%. This measures the effectiveness of the plan participants' investments in the year.

MAYO KNITTING MILL, INC. 401(K) PLAN Expense Ratio

In 2011, the investment and administrative expense ratio of MAYO KNITTING MILL, INC. 401(K) PLAN is 0.07%.

Enrollment Features

MAYO KNITTING MILL, INC. 401(K) 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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