SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 201 MOTOR SPORTS PARK CIRCLE,,SUMMIT POINT,WV
- Contact person: DAVID SCOTT STRYKER
- Phone: (304) 725-8444
Plan General Information
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN is $1,994,131.00.This plan was established in 1997.
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN is 132
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN is $15,107.00
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN is $3,447.00.
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN is approximately $1,028.00
Investing in this additonal $1,028.00 for 20 years would give you extra $65,836.00, assuming a 10% annual return.
Investing in this additonal $1,028.00 for 20 years would give you extra $65,836.00, assuming a 10% annual return.
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2019, SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN allocates $135,788.00 to match its employees' contributions, providing an employer match rate of 59.67% of their contributions
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN is 26.85%.
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN is 22.06%. This measures the effectiveness of the plan participants' investments in the year.
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN is 0.78%.
Enrollment Features
SUMMIT POINT RACEWAY ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN has the following features: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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