HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN

Plan Contact

  • Address: 1909 WAYZATA BLVD.,WAYZATA,MN
  • Contact person: KYLE FITZWATER
  • Phone: (952) 277-2436

Plan General Information

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN is $17,043,420.00.This plan was established in 2009.

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN is 740

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN is $23,031.00

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN is $2,387.00.

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN is approximately $835.00
Investing in this additonal $835.00 for 20 years would give you extra $53,483.00, assuming a 10% annual return.

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN allocates $618,407.00 to match its employees' contributions, providing an employer match rate of 40.22% of their contributions

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN is 17.46%.

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN is 16.11%. This measures the effectiveness of the plan participants' investments in the year.

HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of HAMMER RESIDENCES, INC. 401(K) RETIREMENT PLAN is 0.64%.

Enrollment Features

HAMMER RESIDENCES, INC. 401(K) 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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