HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN
Plan Contact
- Address: 141 RIVER EDGE DRIVE, SUITE 200,,TRAVERSE CITY,MI
- Contact person: KENNETH LANGE
- Phone: (231) 922-8809
Plan General Information
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN is $121,208,241.00.This plan was established in 2022.
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN is 1480
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN is $81,897.00
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN is $6,934.00.
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN is approximately $3,374.00
Investing in this additonal $3,374.00 for 20 years would give you extra $215,943.00, assuming a 10% annual return.
Investing in this additonal $3,374.00 for 20 years would give you extra $215,943.00, assuming a 10% annual return.
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate
In 2021, HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN allocates $4,993,691.00 to match its employees' contributions, providing an employer match rate of 48.66% of their contributions
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN is 21.01%.
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN is 8.96%. This measures the effectiveness of the plan participants' investments in the year.
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) PLAN is 0.14%.
Enrollment Features
HAGERTY INSURANCE AGENCY, LLC EMPLOYEES' 401(K) 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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