STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC

Plan Contact

  • Contact person: MASCEO S. DESCHAMPS
  • Phone: (919) 546-3275

Plan General Information

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Total Retirement Plan Assets

At the end of 2001, the total retirement plan assets of STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC is $1,299,427,206.00.This plan was established in 1961.

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Total Number of Retirement Plan Participants

At the end of 2001, the total number of retirement plan participants in STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC is 12152

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Average Participant Retirement Account Value

In 2001, the average participant retirement account value for STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC is $106,931.00

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Estimated Average Employee Contribution Amount

In 2001, the estimated average employee contribution amount per participant for STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC is $5,625.00.

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Estimated Average Employer Match

In 2001, the estimated average employer match for an employee in STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC is approximately $2,355.00
Investing in this additonal $2,355.00 for 20 years would give you extra $150,762.00, assuming a 10% annual return.

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Total Employer Contribution and Match Rate

In 2001, STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC allocates $28,625,988.00 to match its employees' contributions, providing an employer match rate of 83.75% of their contributions

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Total Retirement Plan Asset Growth Rate

In 2001, the total retirement plan asset growth rate of STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC is 10.12%.

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Estimated Aggregate Retirement Account Investment Gain/Loss

In 2001, the estimated aggregate retirement account investment gain/loss for STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC is 12.17%. This measures the effectiveness of the plan participants' investments in the year.

STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC Expense Ratio

In 2001, the investment and administrative expense ratio of STOCK PURCHASE-SAVINGS PLAN OF PROGRESS ENERGY, INC is 0.05%.

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