V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN
Plan Contact
- Address: 1002 SOUTH 12TH ST,LOUISVILLE,KY
- Contact person: STEVEN P. CUNDIFF
- Phone: (502) 560-0121
Plan General Information
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN is $10,307,929.00.This plan was established in 1985.
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN is 107
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN is $96,335.00
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN is $3,274.00.
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN is approximately $582.00
Investing in this additonal $582.00 for 20 years would give you extra $37,310.00, assuming a 10% annual return.
Investing in this additonal $582.00 for 20 years would give you extra $37,310.00, assuming a 10% annual return.
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Total Employer Contribution and Match Rate
In 2023, V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN allocates $62,378.00 to match its employees' contributions, providing an employer match rate of 18.58% of their contributions
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN is 13.83%.
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN is 15.49%. This measures the effectiveness of the plan participants' investments in the year.
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of V.G. REED & SONS, INC. 401(K) SALARY REDUCTION PLAN is 0.02%.
Enrollment Features
V.G. REED & SONS, INC. 401(K) SALARY REDUCTION 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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