403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN
Plan Contact
- Address: 560 SEMINOLE RD,NORTON SHORES,MI
- Contact person: PAM CURTIS
- Phone: (231) 739-5858
Plan General Information
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN is $7,418,068.00.This plan was established in 1999.
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN is 146
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN is $50,808.00
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN is $3,022.00.
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN is approximately $1,789.00
Investing in this additonal $1,789.00 for 20 years would give you extra $114,520.00, assuming a 10% annual return.
Investing in this additonal $1,789.00 for 20 years would give you extra $114,520.00, assuming a 10% annual return.
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Total Employer Contribution and Match Rate
In 2023, 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN allocates $261,251.00 to match its employees' contributions, providing an employer match rate of 65.49% of their contributions
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN is 22.66%.
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN is 15.89%. This measures the effectiveness of the plan participants' investments in the year.
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN Expense Ratio
In 2023, the investment and administrative expense ratio of 403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN is 0.01%.
Enrollment Features
403(B) THRIFT PLAN OF SENIOR RESOURCES OF WEST MICHIGAN 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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