NAPCO, INC. EMPLOYEES 401(K) PLAN
Overview
Plan Contact
- Address: 120 TROJAN AVENUE,SPARTA,NC
- Contact person: JAMES PROFFIT
- Phone: (336) 372-5228
Plan General Information
At the end of 2022, the total retirement plan assets of NAPCO, INC. EMPLOYEES 401(K) PLAN is $1,718,595.This plan was established in 1989.
At the end of 2022, the total number of retirement plan participants in NAPCO, INC. EMPLOYEES 401(K) PLAN is 119
In 2022, the average participant retirement account value for NAPCO, INC. EMPLOYEES 401(K) PLAN is $14,441
In 2022, the estimated average employee contribution amount per participant for NAPCO, INC. EMPLOYEES 401(K) PLAN is $1,294
In 2022, the estimated average employer match for an employee in NAPCO, INC. EMPLOYEES 401(K) PLAN is approximately $225
In 2022, NAPCO, INC. EMPLOYEES 401(K) PLAN allocates $26,826 to match its employees’ contributions, providing an employer match rate of 16.51% of their contributions
In 2022, the total retirement plan asset growth rate of NAPCO, INC. EMPLOYEES 401(K) PLAN is -27.05%
In 2022, the estimated aggregate retirement account investment gain/loss for NAPCO, INC. EMPLOYEES 401(K) PLAN is -13.52%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of NAPCO, INC. EMPLOYEES 401(K) PLAN is 0.79%.
Enrollment Features
NAPCO, INC. EMPLOYEES 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.