RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN
Plan Contact
- Address: 240 CORPORATE BOULEVARD,NORFOLK,VA
- Contact person: SHELLOY S KIGER
- Phone: (267) 989-3423
Plan General Information
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN is $8,937,220.00.This plan was established in 1984.
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN is 494
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN is $18,091.00
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN is $83.00.
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN is approximately $14.00
Investing in this additonal $14.00 for 20 years would give you extra $897.00, assuming a 10% annual return.
Investing in this additonal $14.00 for 20 years would give you extra $897.00, assuming a 10% annual return.
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2022, RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN allocates $6,925.00 to match its employees' contributions, providing an employer match rate of 19.97% of their contributions
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN is -22.65%.
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN is -17.17%. This measures the effectiveness of the plan participants' investments in the year.
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT PLAN is 0.78%.
Enrollment Features
RID VENTURES, LLC 401(K) SAVINGS AND RETIREMENT 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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