SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL

Plan Contact

  • Contact person: STEVEN J. SCHWARTZ
  • Phone: (248) 355-0300

Plan General Information

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Total Retirement Plan Assets

At the end of 2001, the total retirement plan assets of SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL is $9,821,647.00.This plan was established in 1985.

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Total Number of Retirement Plan Participants

At the end of 2001, the total number of retirement plan participants in SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL is 171

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Average Participant Retirement Account Value

In 2001, the average participant retirement account value for SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL is $57,436.00

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Estimated Average Employee Contribution Amount

In 2001, the estimated average employee contribution amount per participant for SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL is $8,649.00.

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Estimated Average Employer Match

In 2001, the estimated average employer match for an employee in SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL is approximately $3,701.00
Investing in this additonal $3,701.00 for 20 years would give you extra $236,918.00, assuming a 10% annual return.

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Total Employer Contribution and Match Rate

In 2001, SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL allocates $633,016.00 to match its employees' contributions, providing an employer match rate of 85.59% of their contributions

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Total Retirement Plan Asset Growth Rate

In 2001, the total retirement plan asset growth rate of SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL is -9.94%.

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Estimated Aggregate Retirement Account Investment Gain/Loss

In 2001, the estimated aggregate retirement account investment gain/loss for SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL is -18.92%. This measures the effectiveness of the plan participants' investments in the year.

SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL Expense Ratio

In 2001, the investment and administrative expense ratio of SOMMERS,SCHWARTZ, SILVER & SCHWARTZ, P.C. CASH OR DEFERRED PROFIT SHARING PL is 0.01%.

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