AFAAC 401(K) PLAN
Plan Contact
- Address: P.O. BOX 89,USAF ACADEMY,CO
- Contact person: MIRANDA SCHWEHR
- Phone: (719) 333-3421
Plan General Information
AFAAC 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AFAAC 401(K) PLAN is $9,513,866.00.This plan was established in 2001.
AFAAC 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AFAAC 401(K) PLAN is 175
AFAAC 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AFAAC 401(K) PLAN is $54,364.00
AFAAC 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AFAAC 401(K) PLAN is $4,467.00.
AFAAC 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AFAAC 401(K) PLAN is approximately $2,621.00
Investing in this additonal $2,621.00 for 20 years would give you extra $167,761.00, assuming a 10% annual return.
Investing in this additonal $2,621.00 for 20 years would give you extra $167,761.00, assuming a 10% annual return.
AFAAC 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, AFAAC 401(K) PLAN allocates $458,724.00 to match its employees' contributions, providing an employer match rate of 59.01% of their contributions
AFAAC 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AFAAC 401(K) PLAN is 23.55%.
AFAAC 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AFAAC 401(K) PLAN is 17.16%. This measures the effectiveness of the plan participants' investments in the year.
AFAAC 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AFAAC 401(K) PLAN is 0.53%.
Enrollment Features
AFAAC 401(K) PLAN 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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