SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN
Plan Contact
- Address: 1200 SOUTHEAST AVENUE,TALLMADGE,OH
- Contact person: PATRICK M RAWLEY
- Phone: (330) 634-2139
Plan General Information
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN is $138,391,803.00.This plan was established in 1987.
SUMMIT RACING EQUIPMENT 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 RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN is 2134
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN is $64,850.00
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN is $4,435.00.
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN is approximately $1,078.00
Investing in this additonal $1,078.00 for 20 years would give you extra $69,023.00, assuming a 10% annual return.
Investing in this additonal $1,078.00 for 20 years would give you extra $69,023.00, assuming a 10% annual return.
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2019, SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN allocates $2,301,487.00 to match its employees' contributions, providing an employer match rate of 48.62% of their contributions
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN is 20.35%.
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN is 22.27%. This measures the effectiveness of the plan participants' investments in the year.
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING PLAN is 0.16%.
Enrollment Features
SUMMIT RACING EQUIPMENT 401(K)& PROFIT SHARING 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.
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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