PLATINUM CORRAL, LLC 401(K) PLAN
Overview
Plan Contact
- Address: 521 NEW BRIDGE ST,JACKSONVILLE,NC
- Contact person: BILLY SEWELL
- Phone: (910) 347-3971
Plan General Information
At the end of 2022, the total retirement plan assets of PLATINUM CORRAL, LLC 401(K) PLAN is $1,891,795.This plan was established in 2001.
At the end of 2022, the total number of retirement plan participants in PLATINUM CORRAL, LLC 401(K) PLAN is 162
In 2022, the average participant retirement account value for PLATINUM CORRAL, LLC 401(K) PLAN is $11,677
In 2022, the estimated average employee contribution amount per participant for PLATINUM CORRAL, LLC 401(K) PLAN is $1,474
In 2022, the estimated average employer match for an employee in PLATINUM CORRAL, LLC 401(K) PLAN is approximately $336
In 2022, PLATINUM CORRAL, LLC 401(K) PLAN allocates $54,518 to match its employees’ contributions, providing an employer match rate of 23.93% of their contributions
In 2022, the total retirement plan asset growth rate of PLATINUM CORRAL, LLC 401(K) PLAN is -13.38%
In 2022, the estimated aggregate retirement account investment gain/loss for PLATINUM CORRAL, LLC 401(K) PLAN is -16.30%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of PLATINUM CORRAL, LLC 401(K) PLAN is 0.78%.
Enrollment Features
PLATINUM CORRAL, 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.