T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 614 WEST FOURTH ST,WINSTON-SALEM,NC
- Contact person: ROBERT E HUGHEY
- Phone: (336) 661-1550
Plan General Information
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN is $21,566,567.00.This plan was established in 2022.
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN is 128
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN is $168,488.00
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN is $4,590.00.
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN is approximately $7,332.00
Investing in this additonal $7,332.00 for 20 years would give you extra $469,273.00, assuming a 10% annual return.
Investing in this additonal $7,332.00 for 20 years would give you extra $469,273.00, assuming a 10% annual return.
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2021, T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN allocates $938,546.00 to match its employees' contributions, providing an employer match rate of 159.73% of their contributions
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN is 13.36%.
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN is 12.86%. This measures the effectiveness of the plan participants' investments in the year.
T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of T. W. GARNER FOOD COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN is 0.00%.
Enrollment Features
T. W. GARNER FOOD COMPANY EMPLOYEES' 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.
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