SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN

Plan Contact

  • Address: 176 NORTH MAIN STREET,FLORIDA,NY
  • Contact person: KEN GROGAN
  • Phone: (845) 651-4411

Plan General Information

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN is $68,925,899.00.This plan was established in 1988.

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN is 526

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN is $131,037.00

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN is $4,090.00.

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN is approximately $2,633.00
Investing in this additonal $2,633.00 for 20 years would give you extra $168,546.00, assuming a 10% annual return.

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Total Employer Contribution and Match Rate

In 2022, SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN allocates $1,385,244.00 to match its employees' contributions, providing an employer match rate of 63.48% of their contributions

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN is -8.82%.

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN is -3.38%. This measures the effectiveness of the plan participants' investments in the year.

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN is 0.01%.

Enrollment Features

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS 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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