COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION
Plan Contact
- Address: 14049 SCENIC HIGHWAY,LOOKOUT MOUNTAIN,GA
- Phone: (706) 419-1412
Plan General Information
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION is $34,538,808.00.This plan was established in 1972.
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION is 412
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Average Participant Retirement Account Value
In 2023, the average participant retirement account value for COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION is $83,832.00
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION is $1,632.00.
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION is approximately $509.00
Investing in this additonal $509.00 for 20 years would give you extra $32,603.00, assuming a 10% annual return.
Investing in this additonal $509.00 for 20 years would give you extra $32,603.00, assuming a 10% annual return.
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Total Employer Contribution and Match Rate
In 2023, COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION allocates $209,888.00 to match its employees' contributions, providing an employer match rate of 31.70% of their contributions
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION is 8.42%.
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION is 13.92%. This measures the effectiveness of the plan participants' investments in the year.
COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION Expense Ratio
In 2023, the investment and administrative expense ratio of COVENANT COLLEGE RETIREMENT PLAN DEFINED CONTRIBUTION is 0.00%.
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