NORBORD USA 401(K) & PROFIT SHARING PLAN
Plan Contact
- Address: 4400 BARTON INDUSTRIAL BLVD.,LANETT,AL
- Contact person: CASEY YOUNG
- Phone: (334) 576-1500
Plan General Information
NORBORD USA 401(K) & PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of NORBORD USA 401(K) & PROFIT SHARING PLAN is $117,319,623.00.This plan was established in 2022.
NORBORD USA 401(K) & PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in NORBORD USA 401(K) & PROFIT SHARING PLAN is 1127
NORBORD USA 401(K) & PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for NORBORD USA 401(K) & PROFIT SHARING PLAN is $104,099.00
NORBORD USA 401(K) & PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for NORBORD USA 401(K) & PROFIT SHARING PLAN is $5,814.00.
NORBORD USA 401(K) & PROFIT SHARING PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in NORBORD USA 401(K) & PROFIT SHARING PLAN is approximately $5,379.00
Investing in this additonal $5,379.00 for 20 years would give you extra $344,278.00, assuming a 10% annual return.
Investing in this additonal $5,379.00 for 20 years would give you extra $344,278.00, assuming a 10% annual return.
NORBORD USA 401(K) & PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2021, NORBORD USA 401(K) & PROFIT SHARING PLAN allocates $6,062,534.00 to match its employees' contributions, providing an employer match rate of 92.51% of their contributions
NORBORD USA 401(K) & PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of NORBORD USA 401(K) & PROFIT SHARING PLAN is -2.45%.
NORBORD USA 401(K) & PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for NORBORD USA 401(K) & PROFIT SHARING PLAN is -0.86%. This measures the effectiveness of the plan participants' investments in the year.
NORBORD USA 401(K) & PROFIT SHARING PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of NORBORD USA 401(K) & PROFIT SHARING PLAN is 0.08%.
Enrollment Features
NORBORD USA 401(K) & PROFIT SHARING PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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