GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN
Plan Contact
- Address: 5500 BLAINE AVENUE,INVER GROVE HEIGHTS,MN
- Phone: (651) 450-1501
Plan General Information
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN is $37,941,297.00.This plan was established in 1989.
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN is 350
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN is $108,403.00
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN is $4,093.00.
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN is approximately $3,430.00
Investing in this additonal $3,430.00 for 20 years would give you extra $219,556.00, assuming a 10% annual return.
Investing in this additonal $3,430.00 for 20 years would give you extra $219,556.00, assuming a 10% annual return.
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN allocates $1,200,698.00 to match its employees' contributions, providing an employer match rate of 94.31% of their contributions
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN is 28.47%.
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN is 21.83%. This measures the effectiveness of the plan participants' investments in the year.
GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GERTENS FAMILY OF BUSINESSES RETIREMENT PLAN is 0.22%.
Enrollment Features
GERTENS FAMILY OF BUSINESSES 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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