401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC.
Plan Contact
- Address: PO BOX 157,BREESE,IL
- Contact person: BRIAN KENOW
- Phone: (618) 526-8800
Plan General Information
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. is $4,144,272.00.This plan was established in 2010.
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. is 241
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. is $17,196.00
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. is $1,688.00.
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. is approximately $593.00
Investing in this additonal $593.00 for 20 years would give you extra $37,974.00, assuming a 10% annual return.
Investing in this additonal $593.00 for 20 years would give you extra $37,974.00, assuming a 10% annual return.
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Total Employer Contribution and Match Rate
In 2023, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. allocates $142,996.00 to match its employees' contributions, providing an employer match rate of 70.28% of their contributions
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. is 18.29%.
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. is 16.16%. This measures the effectiveness of the plan participants' investments in the year.
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. is 0.04%.
Enrollment Features
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY LINK, INC. 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.
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