FAIRLEAD INTEGRATED, LLC 401(K) PLAN
Overview
Plan Contact
- Address: 650 CHAUTAQUA AVENUE,PORTSMOUTH,VA
- Contact person: KEVIN MORROZOFF
- Phone: (757) 606-2039
Plan General Information
At the end of 2022, the total retirement plan assets of FAIRLEAD INTEGRATED, LLC 401(K) PLAN is $20,320,806.This plan was established in 2012.
At the end of 2022, the total number of retirement plan participants in FAIRLEAD INTEGRATED, LLC 401(K) PLAN is 497
In 2022, the average participant retirement account value for FAIRLEAD INTEGRATED, LLC 401(K) PLAN is $40,886
In 2022, the estimated average employee contribution amount per participant for FAIRLEAD INTEGRATED, LLC 401(K) PLAN is $3,520
In 2022, the estimated average employer match for an employee in FAIRLEAD INTEGRATED, LLC 401(K) PLAN is approximately $2,718
In 2022, FAIRLEAD INTEGRATED, LLC 401(K) PLAN allocates $1,351,053 to match its employees’ contributions, providing an employer match rate of 67.93% of their contributions
In 2022, the total retirement plan asset growth rate of FAIRLEAD INTEGRATED, LLC 401(K) PLAN is -9.49%
In 2022, the estimated aggregate retirement account investment gain/loss for FAIRLEAD INTEGRATED, LLC 401(K) PLAN is -17.13%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of FAIRLEAD INTEGRATED, LLC 401(K) PLAN is 0.46%.
Enrollment Features
FAIRLEAD INTEGRATED, LLC 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.