SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 5032 SIRONA DRIVE,,CHARLOTTE,NC
- Contact person: SHIRLEY HORNER
- Phone: (704) 944-4512
Plan General Information
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN is $28,255,089.00.This plan was established in 1986.
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN is 482
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN is $58,620.00
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN is $3,802.00.
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN is approximately $2,222.00
Investing in this additonal $2,222.00 for 20 years would give you extra $142,236.00, assuming a 10% annual return.
Investing in this additonal $2,222.00 for 20 years would give you extra $142,236.00, assuming a 10% annual return.
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN allocates $1,071,215.00 to match its employees' contributions, providing an employer match rate of 46.72% of their contributions
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN is 14.35%.
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN is 17.60%. This measures the effectiveness of the plan participants' investments in the year.
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN is 0.15%.
Enrollment Features
SCHAEFER SYSTEMS INTERNATIONAL, INC. 401(K) RETIREMENT PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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