GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN

Plan Contact

  • Address: PO BOX 5001,CONCORDVILLE,PA
  • Contact person: HERB PACE
  • Phone: (610) 459-8100

Plan General Information

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN is $52,602,334.00.This plan was established in 1998.

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN is 193

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN is $272,550.00

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN is $1,484.00.

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN is approximately $884.00
Investing in this additonal $884.00 for 20 years would give you extra $56,606.00, assuming a 10% annual return.

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Total Employer Contribution and Match Rate

In 2023, GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN allocates $170,704.00 to match its employees' contributions, providing an employer match rate of 54.11% of their contributions

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN is 3.65%.

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN is 18.33%. This measures the effectiveness of the plan participants' investments in the year.

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of GLEN MILLS SCHOOLS SAVINGS AND PROTECTION PLAN is 0.16%.

Enrollment Features

GLEN MILLS SCHOOLS SAVINGS AND PROTECTION 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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