MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION
Plan Contact
- Address: 1200 CAVALIER BOULEVARD,CHESAPEAKE,VA
- Contact person: JASON PIMENTEL
- Phone: (757) 487-2442
Plan General Information
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION is $22,990,480.00.This plan was established in 1981.
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION is 151
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION is $152,254.00
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION is $5,851.00.
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION is approximately $1,188.00
Investing in this additonal $1,188.00 for 20 years would give you extra $76,068.00, assuming a 10% annual return.
Investing in this additonal $1,188.00 for 20 years would give you extra $76,068.00, assuming a 10% annual return.
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Total Employer Contribution and Match Rate
In 2023, MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION allocates $179,474.00 to match its employees' contributions, providing an employer match rate of 40.62% of their contributions
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION is -0.40%.
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION is 10.41%. This measures the effectiveness of the plan participants' investments in the year.
MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION Expense Ratio
In 2023, the investment and administrative expense ratio of MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION is 0.02%.
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