SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A)
Plan Contact
- Address: 200 SOUTH BISCAYNE BOULEVARD,,MIAMI,FL
- Contact person: JACK MCELROY
- Phone: (305) 358-6300
Plan General Information
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) is $147,186,373.00.This plan was established in 1999.
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) is 368
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) is $399,962.00
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) is $17,485.00.
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) is approximately $12,606.00
Investing in this additonal $12,606.00 for 20 years would give you extra $806,820.00, assuming a 10% annual return.
Investing in this additonal $12,606.00 for 20 years would give you extra $806,820.00, assuming a 10% annual return.
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Total Employer Contribution and Match Rate
In 2023, SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) allocates $4,639,215.00 to match its employees' contributions, providing an employer match rate of 144.20% of their contributions
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) is 16.51%.
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) is 10.78%. This measures the effectiveness of the plan participants' investments in the year.
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) Expense Ratio
In 2023, the investment and administrative expense ratio of SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) is 0.05%.
Enrollment Features
SHUTTS & BOWEN LLP 401(K) PROFIT SHARING PLAN (A) 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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