MIMS DISTRIBUTING COMPANY 401(K) PLAN

Plan Contact

  • Address: 8605 EBENEZER CHURCH RD,RALEIGH,NC
  • Contact person: HOWARD MIMS
  • Phone: (919) 645-3316

Plan General Information

MIMS DISTRIBUTING COMPANY 401(K) PLAN Total Retirement Plan Assets

At the end of 2020, the total retirement plan assets of MIMS DISTRIBUTING COMPANY 401(K) PLAN is $105.00.This plan was established in 1991.

MIMS DISTRIBUTING COMPANY 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2020, the total number of retirement plan participants in MIMS DISTRIBUTING COMPANY 401(K) PLAN is 209

MIMS DISTRIBUTING COMPANY 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for MIMS DISTRIBUTING COMPANY 401(K) PLAN is $0.00

MIMS DISTRIBUTING COMPANY 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for MIMS DISTRIBUTING COMPANY 401(K) PLAN is $1,249.00.

MIMS DISTRIBUTING COMPANY 401(K) PLAN Estimated Average Employer Match

In 2020, the estimated average employer match for an employee in MIMS DISTRIBUTING COMPANY 401(K) PLAN is approximately $273.00
Investing in this additonal $273.00 for 20 years would give you extra $17,513.00, assuming a 10% annual return.

MIMS DISTRIBUTING COMPANY 401(K) PLAN Total Employer Contribution and Match Rate

In 2020, MIMS DISTRIBUTING COMPANY 401(K) PLAN allocates $57,194.00 to match its employees' contributions, providing an employer match rate of 43.80% of their contributions

MIMS DISTRIBUTING COMPANY 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2020, the total retirement plan asset growth rate of MIMS DISTRIBUTING COMPANY 401(K) PLAN is -100.00%.

MIMS DISTRIBUTING COMPANY 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2020, the estimated aggregate retirement account investment gain/loss for MIMS DISTRIBUTING COMPANY 401(K) PLAN is 2.36%. This measures the effectiveness of the plan participants' investments in the year.

MIMS DISTRIBUTING COMPANY 401(K) PLAN Expense Ratio

In 2020, the investment and administrative expense ratio of MIMS DISTRIBUTING COMPANY 401(K) PLAN is 43137.14%.

Enrollment Features

MIMS DISTRIBUTING COMPANY 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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