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I need some finance help re: profit sharing plan
Posted on 5/5/23 at 9:11 am
Posted on 5/5/23 at 9:11 am
So, we got our profit sharing plan statement today and I'm trying to figure out the plan's return for last year.
Here are the numbers:
Assets at end of 2021: 4308
Assets at end of 2022: 3642
Total income: 495
Employer contributions: 150
TIA.
Here are the numbers:
Assets at end of 2021: 4308
Assets at end of 2022: 3642
Total income: 495
Employer contributions: 150
TIA.
1
Posted on 5/5/23 at 9:22 am to Jmcc64
A) it’s shite that they don’t do this for you and give you a performance figure as a percentage.
B) you’re missing some information. How many distributions did the plan have?
B) you’re missing some information. How many distributions did the plan have?
Posted on 5/5/23 at 9:34 am to slackster
ah. expenses were 170 (admin and benefits paid)
Posted on 5/5/23 at 12:01 pm to Jmcc64
Down around 15% it appears. 
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