AMATO’S PROFIT SHARING PLAN

Overview

Plan Contact

  • Address: 312 ST. JOHN STREET,PORTLAND,ME
  • Phone: (207) 939-0140

Plan General Information


At the end of 2022, the total retirement plan assets of AMATO’S PROFIT SHARING PLAN is $1,418,334.This plan was established in 2020.

At the end of 2022, the total number of retirement plan participants in AMATO’S PROFIT SHARING PLAN is 129

In 2022, the average participant retirement account value for AMATO’S PROFIT SHARING PLAN is $10,994


In 2022, the estimated average employer match for an employee in AMATO’S PROFIT SHARING PLAN is approximately $3,262

In 2022, the total retirement plan asset growth rate of AMATO’S PROFIT SHARING PLAN is 25.74%

In 2022, the estimated aggregate retirement account investment gain/loss for AMATO’S PROFIT SHARING PLAN is -9.16%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AMATO’S PROFIT SHARING PLAN is 0.59%.

Enrollment Features

AMATO’S PROFIT SHARING PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.