HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST

Plan Contact

  • Address: 120 W. LEXINGTON AVENUE,ELKHART,IN
  • Contact person: ROBERT M CONGDON
  • Phone: (574) 522-8000

Plan General Information

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST is $18,044,964.00.This plan was established in 2001.

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST is 155

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Average Participant Retirement Account Value

In 2023, the average participant retirement account value for HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST is $116,419.00

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST is $2,415.00.

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST is approximately $1,568.00
Investing in this additonal $1,568.00 for 20 years would give you extra $100,352.00, assuming a 10% annual return.

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate

In 2023, HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST allocates $243,040.00 to match its employees' contributions, providing an employer match rate of 53.10% of their contributions

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST is 17.47%.

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST is 18.55%. This measures the effectiveness of the plan participants' investments in the year.

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST Expense Ratio

In 2023, the investment and administrative expense ratio of HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST is 0.37%.

Enrollment Features

HERITAGE FINANCIAL GROUP, INC. 401(K) PLAN AND TRUST 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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