RUSSELL A. FARROW (U.S.) INC 401(K) PLAN
Overview
Plan Contact
- Address: 45657 PORT STREET,PLYMOUTH,MI
- Contact person: CHARLENE TEMPLETON
- Phone: (519) 740-9335
Plan General Information
At the end of 2022, the total retirement plan assets of RUSSELL A. FARROW (U.S.) INC 401(K) PLAN is $5,230,988.This plan was established in 1985.
At the end of 2022, the total number of retirement plan participants in RUSSELL A. FARROW (U.S.) INC 401(K) PLAN is 170
In 2022, the average participant retirement account value for RUSSELL A. FARROW (U.S.) INC 401(K) PLAN is $30,770
In 2022, the estimated average employee contribution amount per participant for RUSSELL A. FARROW (U.S.) INC 401(K) PLAN is $3,238
In 2022, the estimated average employer match for an employee in RUSSELL A. FARROW (U.S.) INC 401(K) PLAN is approximately $626
In 2022, RUSSELL A. FARROW (U.S.) INC 401(K) PLAN allocates $106,586 to match its employees’ contributions, providing an employer match rate of 21.16% of their contributions
In 2022, the total retirement plan asset growth rate of RUSSELL A. FARROW (U.S.) INC 401(K) PLAN is -15.83%
In 2022, the estimated aggregate retirement account investment gain/loss for RUSSELL A. FARROW (U.S.) INC 401(K) PLAN is -17.35%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of RUSSELL A. FARROW (U.S.) INC 401(K) PLAN is 0.06%.
Enrollment Features
RUSSELL A. FARROW (U.S.) INC 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.