NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN
Plan Contact
- Address: 951 WITHROW COURT,BARDSTOWN,KY
- Phone: (502) 348-3961
Plan General Information
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN is $23,825,553.00.This plan was established in 1986.
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN is 1067
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN is $22,329.00
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN is $2,188.00.
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN is approximately $671.00
Investing in this additonal $671.00 for 20 years would give you extra $42,992.00, assuming a 10% annual return.
Investing in this additonal $671.00 for 20 years would give you extra $42,992.00, assuming a 10% annual return.
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN allocates $716,763.00 to match its employees' contributions, providing an employer match rate of 61.39% of their contributions
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN is 19.33%.
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN is 14.46%. This measures the effectiveness of the plan participants' investments in the year.
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN is 0.52%.
Enrollment Features
NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS 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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