BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN

Plan Contact

  • Address: 330 WEST MAIN STREET, STE 110,BENTON HARBOR,MI
  • Contact person: ERIN WRIGHT
  • Phone: (269) 927-1064

Plan General Information

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN is $4,776,343.00.This plan was established in 1999.

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN is 134

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN is $35,644.00

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN is $6,282.00.

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN is approximately $3,029.00
Investing in this additonal $3,029.00 for 20 years would give you extra $193,904.00, assuming a 10% annual return.

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN allocates $405,987.00 to match its employees' contributions, providing an employer match rate of 96.45% of their contributions

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN is 13.21%.

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN is 16.78%. This measures the effectiveness of the plan participants' investments in the year.

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 401(K) PLAN is 0.83%.

Enrollment Features

BERRIEN-CASS-VAN BUREN WORKFORCE DEVELOPMENT BOARD PENSION & 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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