CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN
Plan Contact
- Address: 196 CESAR CHAVEZ AVENUE,PONTIAC,MI
- Phone: (248) 209-2624
Plan General Information
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN is $2,317,000.00.This plan was established in 2022.
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN is 103
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN is $22,495.00
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN is $1,017.00.
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN is approximately $891.00
Investing in this additonal $891.00 for 20 years would give you extra $57,032.00, assuming a 10% annual return.
Investing in this additonal $891.00 for 20 years would give you extra $57,032.00, assuming a 10% annual return.
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2021, CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN allocates $91,787.00 to match its employees' contributions, providing an employer match rate of 87.62% of their contributions
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN is 17.87%.
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN is 12.25%. This measures the effectiveness of the plan participants' investments in the year.
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT PLAN is 0.31%.
Enrollment Features
CHARTER SCHOOL SERVICES OF MICHIGAN, INC. RETIREMENT 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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