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.