FORCHT GROUP OF KENTUCKY SAVINGS PLAN
Plan Contact
- Address: 2709 OLD ROSEBUD ROAD,LEXINGTON,KY
- Contact person: REDA L SHEMELYA
- Phone: (859) 266-3232
Plan General Information
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FORCHT GROUP OF KENTUCKY SAVINGS PLAN is $48,615,196.00.This plan was established in 1999.
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FORCHT GROUP OF KENTUCKY SAVINGS PLAN is 1973
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FORCHT GROUP OF KENTUCKY SAVINGS PLAN is $24,640.00
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FORCHT GROUP OF KENTUCKY SAVINGS PLAN is $1,167.00.
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FORCHT GROUP OF KENTUCKY SAVINGS PLAN is approximately $716.00
Investing in this additonal $716.00 for 20 years would give you extra $45,880.00, assuming a 10% annual return.
Investing in this additonal $716.00 for 20 years would give you extra $45,880.00, assuming a 10% annual return.
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, FORCHT GROUP OF KENTUCKY SAVINGS PLAN allocates $1,414,397.00 to match its employees' contributions, providing an employer match rate of 57.83% of their contributions
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FORCHT GROUP OF KENTUCKY SAVINGS PLAN is 17.81%.
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FORCHT GROUP OF KENTUCKY SAVINGS PLAN is 16.25%. This measures the effectiveness of the plan participants' investments in the year.
FORCHT GROUP OF KENTUCKY SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FORCHT GROUP OF KENTUCKY SAVINGS PLAN is 0.29%.
Enrollment Features
FORCHT GROUP OF KENTUCKY SAVINGS 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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