ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN
Plan Contact
- Address: 26200 TOWN CENTER DRIVE, SUITE 350,NOVI,MI
- Contact person: LESA LITTERAL
- Phone: (734) 302-4600
Plan General Information
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN is $75,185,670.00.This plan was established in 1974.
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN is 663
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN is $113,402.00
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN is $5,450.00.
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN is approximately $2,187.00
Investing in this additonal $2,187.00 for 20 years would give you extra $139,999.00, assuming a 10% annual return.
Investing in this additonal $2,187.00 for 20 years would give you extra $139,999.00, assuming a 10% annual return.
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN allocates $1,450,311.00 to match its employees' contributions, providing an employer match rate of 40.81% of their contributions
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN is 11.78%.
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN is 17.87%. This measures the effectiveness of the plan participants' investments in the year.
ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ALTARUM INSTITUTE RETIREMENT & SAVINGS PLAN is 0.15%.
Enrollment Features
ALTARUM INSTITUTE RETIREMENT & SAVINGS 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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