BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN is $1,000,248.This plan was established in 2014.

At the end of 2022, the total number of retirement plan participants in BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN is 142

In 2022, the average participant retirement account value for BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN is $7,044

In 2022, the estimated average employee contribution amount per participant for BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN is $1,023

In 2022, the estimated average employer match for an employee in BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN is approximately $321

In 2022, BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN allocates $45,692 to match its employees’ contributions, providing an employer match rate of 26.57% of their contributions

In 2022, the total retirement plan asset growth rate of BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN is -19.27%

In 2022, the estimated aggregate retirement account investment gain/loss for BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN is -15.83%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN is 0.72%.

Enrollment Features

BAY SHIPPERS, LLC 401 (K) PROFIT SHARING 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.