403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS
Plan Contact
- Address: 1001 E. TOUHY AVE., STE. 50,DES PLAINES,IL
- Contact person: DONNA BARBER
- Phone: (847) 635-4600
Plan General Information
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS is $22,922,710.00.This plan was established in 2007.
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS is 2346
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Average Participant Retirement Account Value
In 2023, the average participant retirement account value for 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS is $9,770.00
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS is $1,857.00.
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS is approximately $429.00
Investing in this additonal $429.00 for 20 years would give you extra $27,485.00, assuming a 10% annual return.
Investing in this additonal $429.00 for 20 years would give you extra $27,485.00, assuming a 10% annual return.
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Total Employer Contribution and Match Rate
In 2023, 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS allocates $1,007,520.00 to match its employees' contributions, providing an employer match rate of 46.24% of their contributions
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS is 28.53%.
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS is 16.54%. This measures the effectiveness of the plan participants' investments in the year.
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS Expense Ratio
In 2023, the investment and administrative expense ratio of 403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS is 0.41%.
Enrollment Features
403(B) PLAN FOR EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS 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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