LOW AND BONAR UNION 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 UNION 401(K) PLAN is $4,354,924.This plan was established in 2000.

At the end of 2022, the total number of retirement plan participants in LOW AND BONAR UNION 401(K) PLAN is 155

In 2022, the average participant retirement account value for LOW AND BONAR UNION 401(K) PLAN is $28,096

In 2022, the estimated average employee contribution amount per participant for LOW AND BONAR UNION 401(K) PLAN is $1,417

In 2022, the estimated average employer match for an employee in LOW AND BONAR UNION 401(K) PLAN is approximately $2,013

In 2022, LOW AND BONAR UNION 401(K) PLAN allocates $312,018 to match its employees’ contributions, providing an employer match rate of 147.72% of their contributions

In 2022, the total retirement plan asset growth rate of LOW AND BONAR UNION 401(K) PLAN is -20.16%

In 2022, the estimated aggregate retirement account investment gain/loss for LOW AND BONAR UNION 401(K) PLAN is -18.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOW AND BONAR UNION 401(K) PLAN is 0.15%.

Enrollment Features

LOW AND BONAR UNION 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.