RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST
Plan Contact
- Address: 38600 VAN DYKE AVE., SUITE 100,STERLING HEIGHTS,MI
- Contact person: STEVEN MANCINI
- Phone: (586) 739-5210
Plan General Information
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST is $2,104,211.00.This plan was established in 1986.
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST is 162
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value
In 2019, the average participant retirement account value for RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST is $12,988.00
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST is $1,961.00.
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST is approximately $409.00
Investing in this additonal $409.00 for 20 years would give you extra $26,220.00, assuming a 10% annual return.
Investing in this additonal $409.00 for 20 years would give you extra $26,220.00, assuming a 10% annual return.
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Total Employer Contribution and Match Rate
In 2019, RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST allocates $66,370.00 to match its employees' contributions, providing an employer match rate of 41.77% of their contributions
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST is -58.97%.
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST is -49.02%. This measures the effectiveness of the plan participants' investments in the year.
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST Expense Ratio
In 2019, the investment and administrative expense ratio of RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST is 1.44%.
Enrollment Features
RIC-MAN CONSTRUCTION, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 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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