LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN

Overview

Plan Contact

  • Address: 10500 WORLD TRADE BLVD.,RALEIGH,NC
  • Contact person: NEAL TUGMAN
  • Phone: (919) 481-2738

Plan General Information


At the end of 2022, the total retirement plan assets of LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN is $6,201,798.This plan was established in 1976.

At the end of 2022, the total number of retirement plan participants in LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN is 430

In 2022, the average participant retirement account value for LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN is $14,422

In 2022, the estimated average employee contribution amount per participant for LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN is $1,448

In 2022, the estimated average employer match for an employee in LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN is approximately $569

In 2022, LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN allocates $244,803 to match its employees’ contributions, providing an employer match rate of 44.53% of their contributions

In 2022, the total retirement plan asset growth rate of LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN is -15.23%

In 2022, the estimated aggregate retirement account investment gain/loss for LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN is -19.44%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONG BEVERAGE, INC. 401(K) PROFIT SHARING PLAN is 0.92%.

Enrollment Features

LONG BEVERAGE, INC. 401(K) 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.