SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN

Plan Contact

  • Address: 55 W LAURA DR,ADDISON,IL
  • Contact person: JOE SPROVIERI
  • Phone: (630) 543-3400

Plan General Information

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN is $3,898,973.00.This plan was established in 1998.

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN is 135

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN is $28,881.00

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN is $2,485.00.

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN is approximately $1,036.00
Investing in this additonal $1,036.00 for 20 years would give you extra $66,332.00, assuming a 10% annual return.

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2022, SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN allocates $139,920.00 to match its employees' contributions, providing an employer match rate of 39.09% of their contributions

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN is -14.18%.

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN is -15.99%. This measures the effectiveness of the plan participants' investments in the year.

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN is 0.56%.

Enrollment Features

SPROVIERI'S CUSTOM COUNTERS, INC. 401(K) SAVINGS PLAN 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.


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