REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN
Plan Contact
- Address: 1 REDCOM CENTER,VICTOR,NY
- Contact person: LISA VITO
- Phone: (585) 924-7550
Plan General Information
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN is $42,370,769.00.This plan was established in 1983.
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN is 234
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN is $181,071.00
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN is $8,603.00.
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN is approximately $914.00
Investing in this additonal $914.00 for 20 years would give you extra $58,517.00, assuming a 10% annual return.
Investing in this additonal $914.00 for 20 years would give you extra $58,517.00, assuming a 10% annual return.
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Total Employer Contribution and Match Rate
In 2023, REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN allocates $213,953.00 to match its employees' contributions, providing an employer match rate of 21.25% of their contributions
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN is 6.24%.
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN is 16.75%. This measures the effectiveness of the plan participants' investments in the year.
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN Expense Ratio
In 2023, the investment and administrative expense ratio of REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN is 0.04%.
Enrollment Features
REDCOM LABORATORIES, INC. 401(K) AND PROFIT SHARIN 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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