PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN
Plan Contact
- Address: 13167 TELCOURT ROAD,ASHLAND,VA
- Contact person: ROBERT KEATON
- Phone: (434) 760-3061
Plan General Information
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN is $4,290,825.00.This plan was established in 1995.
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN is 224
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN is $19,155.00
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN is $1,587.00.
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN is approximately $161.00
Investing in this additonal $161.00 for 20 years would give you extra $10,367.00, assuming a 10% annual return.
Investing in this additonal $161.00 for 20 years would give you extra $10,367.00, assuming a 10% annual return.
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN allocates $36,285.00 to match its employees' contributions, providing an employer match rate of 10.18% of their contributions
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN is -18.29%.
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN is 18.57%. This measures the effectiveness of the plan participants' investments in the year.
PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PRODUCE SOURCE PARTNERS, INC. 401(K) PLAN is 0.91%.
Enrollment Features
PRODUCE SOURCE PARTNERS, INC. 401(K) 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.
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