RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 2478 LINCOLN HIGHWAY,STOYSTOWN,PA
- Contact person: DANIEL YUNETZ
- Phone: (814) 629-2164
Plan General Information
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN is $23,698,234.00.This plan was established in 1976.
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN is 306
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN is $77,445.00
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN is $2,259.00.
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN is approximately $1,877.00
Investing in this additonal $1,877.00 for 20 years would give you extra $120,178.00, assuming a 10% annual return.
Investing in this additonal $1,877.00 for 20 years would give you extra $120,178.00, assuming a 10% annual return.
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN allocates $574,603.00 to match its employees' contributions, providing an employer match rate of 74.46% of their contributions
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN is 11.41%.
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN is 14.37%. This measures the effectiveness of the plan participants' investments in the year.
RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of RIGGS INDUSTRIES, INC. CONSOLIDATED 401(K) PROFIT SHARING PLAN is 0.00%.
Enrollment Features
RIGGS INDUSTRIES, INC. CONSOLIDATED 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.
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