DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN
Plan Contact
- Address: 6191 KRAFT AVE,GRAND RAPIDS,MI
- Contact person: MICHAEL VOLK
- Phone: (616) 732-1072
Plan General Information
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Total Retirement Plan Assets
At the end of 2012, the total retirement plan assets of DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN is $113,312,201.00.This plan was established in 1964.
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Total Number of Retirement Plan Participants
At the end of 2012, the total number of retirement plan participants in DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN is 2082
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Average Participant Retirement Account Value
In 2012, the average participant retirement account value for DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN is $54,424.00
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Estimated Average Employee Contribution Amount
In 2012, the estimated average employee contribution amount per participant for DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN is $1,533.00.
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Estimated Average Employer Match
In 2012, the estimated average employer match for an employee in DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN is approximately $1,633.00
Investing in this additonal $1,633.00 for 20 years would give you extra $104,524.00, assuming a 10% annual return.
Investing in this additonal $1,633.00 for 20 years would give you extra $104,524.00, assuming a 10% annual return.
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Total Employer Contribution and Match Rate
In 2012, DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN allocates $3,400,318.00 to match its employees' contributions, providing an employer match rate of 212.95% of their contributions
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Total Retirement Plan Asset Growth Rate
In 2012, the total retirement plan asset growth rate of DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN is 9.88%.
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2012, the estimated aggregate retirement account investment gain/loss for DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN is 10.20%. This measures the effectiveness of the plan participants' investments in the year.
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN Expense Ratio
In 2012, the investment and administrative expense ratio of DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN is 0.00%.
Enrollment Features
DAVENPORT UNIVERSITY DEFINED CONTRIBUTION PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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