SELECTIVE ENTERPRISES, INC. 401(K) PSP

Plan Contact

  • Address: P O BOX 410149,CHARLOTTE,NC
  • Contact person: MICHAEL METZCUS
  • Phone: (704) 588-3310

Plan General Information

SELECTIVE ENTERPRISES, INC. 401(K) PSP Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of SELECTIVE ENTERPRISES, INC. 401(K) PSP is $6,804,946.00.This plan was established in 1982.

SELECTIVE ENTERPRISES, INC. 401(K) PSP Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in SELECTIVE ENTERPRISES, INC. 401(K) PSP is 123

SELECTIVE ENTERPRISES, INC. 401(K) PSP Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SELECTIVE ENTERPRISES, INC. 401(K) PSP is $55,324.00

SELECTIVE ENTERPRISES, INC. 401(K) PSP Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SELECTIVE ENTERPRISES, INC. 401(K) PSP is $5,793.00.

SELECTIVE ENTERPRISES, INC. 401(K) PSP Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in SELECTIVE ENTERPRISES, INC. 401(K) PSP is approximately $956.00
Investing in this additonal $956.00 for 20 years would give you extra $61,208.00, assuming a 10% annual return.

SELECTIVE ENTERPRISES, INC. 401(K) PSP Total Employer Contribution and Match Rate

In 2022, SELECTIVE ENTERPRISES, INC. 401(K) PSP allocates $117,636.00 to match its employees' contributions, providing an employer match rate of 33.02% of their contributions

SELECTIVE ENTERPRISES, INC. 401(K) PSP Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of SELECTIVE ENTERPRISES, INC. 401(K) PSP is -19.05%.

SELECTIVE ENTERPRISES, INC. 401(K) PSP Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for SELECTIVE ENTERPRISES, INC. 401(K) PSP is -15.75%. This measures the effectiveness of the plan participants' investments in the year.

SELECTIVE ENTERPRISES, INC. 401(K) PSP Expense Ratio

In 2022, the investment and administrative expense ratio of SELECTIVE ENTERPRISES, INC. 401(K) PSP is 0.44%.

Enrollment Features

SELECTIVE ENTERPRISES, INC. 401(K) PSP 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.

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