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UNIVERSAL COMPANIES, INC. 401(K) PLAN

Plan Contact

  • Address: 18260 OAK PARK DRIVE,ABINGDON,VA
  • Contact person: JOSEPH MICHELS
  • Phone: (276) 466-9110

Plan General Information

UNIVERSAL COMPANIES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of UNIVERSAL COMPANIES, INC. 401(K) PLAN is $4,422,733.00.This plan was established in 2002.

UNIVERSAL COMPANIES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in UNIVERSAL COMPANIES, INC. 401(K) PLAN is 196

UNIVERSAL COMPANIES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for UNIVERSAL COMPANIES, INC. 401(K) PLAN is $22,564.00

UNIVERSAL COMPANIES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for UNIVERSAL COMPANIES, INC. 401(K) PLAN is $2,252.00.

UNIVERSAL COMPANIES, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in UNIVERSAL COMPANIES, INC. 401(K) PLAN is approximately $156.00
Investing in this additonal $156.00 for 20 years would give you extra $9,986.00, assuming a 10% annual return.

UNIVERSAL COMPANIES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, UNIVERSAL COMPANIES, INC. 401(K) PLAN allocates $30,585.00 to match its employees' contributions, providing an employer match rate of 8.23% of their contributions

UNIVERSAL COMPANIES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of UNIVERSAL COMPANIES, INC. 401(K) PLAN is 28.49%.

UNIVERSAL COMPANIES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for UNIVERSAL COMPANIES, INC. 401(K) PLAN is 16.27%. This measures the effectiveness of the plan participants' investments in the year.

UNIVERSAL COMPANIES, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of UNIVERSAL COMPANIES, INC. 401(K) PLAN is 0.78%.

Enrollment Features

UNIVERSAL COMPANIES, INC. 401(K) 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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