AMR-PEMCO, ERM, CMS 401(K) PLAN
Overview
Plan Contact
- Address: 12187 N SCENIC HWY,ROCKY GAP,VA
- Contact person: LAURA DONOVAN
- Phone: (276) 245-1118
Plan General Information
At the end of 2022, the total retirement plan assets of AMR-PEMCO, ERM, CMS 401(K) PLAN is $12,119,346.This plan was established in 1990.
At the end of 2022, the total number of retirement plan participants in AMR-PEMCO, ERM, CMS 401(K) PLAN is 253
In 2022, the average participant retirement account value for AMR-PEMCO, ERM, CMS 401(K) PLAN is $47,902
In 2022, the estimated average employee contribution amount per participant for AMR-PEMCO, ERM, CMS 401(K) PLAN is $2,728
In 2022, the estimated average employer match for an employee in AMR-PEMCO, ERM, CMS 401(K) PLAN is approximately $603
In 2022, AMR-PEMCO, ERM, CMS 401(K) PLAN allocates $152,792 to match its employees’ contributions, providing an employer match rate of 22.09% of their contributions
In 2022, the total retirement plan asset growth rate of AMR-PEMCO, ERM, CMS 401(K) PLAN is -17.61%
In 2022, the estimated aggregate retirement account investment gain/loss for AMR-PEMCO, ERM, CMS 401(K) PLAN is -18.54%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of AMR-PEMCO, ERM, CMS 401(K) PLAN is 0.04%.
Enrollment Features
AMR-PEMCO, ERM, CMS 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.