ELON UNIVERSITY DEFINED CONTRIBUTION PLAN
Plan Contact
- Address: 314 WEST HAGGARD AVE,,ELON,NC
- Contact person: STEPHANIE L. PAGE
- Phone: (336) 278-5563
Plan General Information
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ELON UNIVERSITY DEFINED CONTRIBUTION PLAN is $298,498,842.00.This plan was established in 1959.
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ELON UNIVERSITY DEFINED CONTRIBUTION PLAN is 2831
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ELON UNIVERSITY DEFINED CONTRIBUTION PLAN is $105,439.00
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ELON UNIVERSITY DEFINED CONTRIBUTION PLAN is $1,457.00.
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ELON UNIVERSITY DEFINED CONTRIBUTION PLAN is approximately $2,849.00
Investing in this additonal $2,849.00 for 20 years would give you extra $182,368.00, assuming a 10% annual return.
Investing in this additonal $2,849.00 for 20 years would give you extra $182,368.00, assuming a 10% annual return.
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Total Employer Contribution and Match Rate
In 2023, ELON UNIVERSITY DEFINED CONTRIBUTION PLAN allocates $8,066,952.00 to match its employees' contributions, providing an employer match rate of 199.50% of their contributions
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ELON UNIVERSITY DEFINED CONTRIBUTION PLAN is 12.85%.
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ELON UNIVERSITY DEFINED CONTRIBUTION PLAN is 13.93%. This measures the effectiveness of the plan participants' investments in the year.
ELON UNIVERSITY DEFINED CONTRIBUTION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ELON UNIVERSITY DEFINED CONTRIBUTION PLAN is 0.06%.
Enrollment Features
ELON 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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