LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN
Overview
Plan Contact
- Address: P.O. BOX 1057,ENKA,NC
- Contact person: REBECCA WATSON
- Phone: (828) 665-5061
Plan General Information
At the end of 2022, the total retirement plan assets of LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN is $13,307,648.This plan was established in 2004.
At the end of 2022, the total number of retirement plan participants in LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN is 129
In 2022, the average participant retirement account value for LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN is $103,160
In 2022, the estimated average employee contribution amount per participant for LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN is $3,708
In 2022, the estimated average employer match for an employee in LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN is approximately $4,593
In 2022, LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN allocates $592,505 to match its employees’ contributions, providing an employer match rate of 127.82% of their contributions
In 2022, the total retirement plan asset growth rate of LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN is -23.44%
In 2022, the estimated aggregate retirement account investment gain/loss for LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN is -16.72%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN is 0.06%.
Enrollment Features
LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) 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.