ACMC SYSTEM SAVINGS INVESTMENT PLAN
Plan Contact
- Address: 2420 LAKE AVENUE,ASHTABULA,OH
- Contact person: ALANNA DAMES
- Phone: (440) 997-2262
Plan General Information
ACMC SYSTEM SAVINGS INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ACMC SYSTEM SAVINGS INVESTMENT PLAN is $94,369,701.00.This plan was established in 2007.
ACMC SYSTEM SAVINGS INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ACMC SYSTEM SAVINGS INVESTMENT PLAN is 1894
ACMC SYSTEM SAVINGS INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ACMC SYSTEM SAVINGS INVESTMENT PLAN is $49,825.00
ACMC SYSTEM SAVINGS INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ACMC SYSTEM SAVINGS INVESTMENT PLAN is $2,266.00.
ACMC SYSTEM SAVINGS INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ACMC SYSTEM SAVINGS INVESTMENT PLAN is approximately $1,236.00
Investing in this additonal $1,236.00 for 20 years would give you extra $79,136.00, assuming a 10% annual return.
Investing in this additonal $1,236.00 for 20 years would give you extra $79,136.00, assuming a 10% annual return.
ACMC SYSTEM SAVINGS INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, ACMC SYSTEM SAVINGS INVESTMENT PLAN allocates $2,341,949.00 to match its employees' contributions, providing an employer match rate of 51.96% of their contributions
ACMC SYSTEM SAVINGS INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ACMC SYSTEM SAVINGS INVESTMENT PLAN is 18.85%.
ACMC SYSTEM SAVINGS INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ACMC SYSTEM SAVINGS INVESTMENT PLAN is 17.78%. This measures the effectiveness of the plan participants' investments in the year.
ACMC SYSTEM SAVINGS INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ACMC SYSTEM SAVINGS INVESTMENT PLAN is 0.02%.
Enrollment Features
ACMC SYSTEM SAVINGS INVESTMENT 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.
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