KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN
Plan Contact
- Address: 501 SOUTH EIGHTH STREET,MINNEAPOLIS,MN
- Contact person: BRAD ENGELSMA
- Phone: (612) 332-7281
Plan General Information
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN is $112,557,696.00.This plan was established in 1984.
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN is 594
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN is $189,491.00
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN is $9,231.00.
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN is approximately $3,950.00
Investing in this additonal $3,950.00 for 20 years would give you extra $252,831.00, assuming a 10% annual return.
Investing in this additonal $3,950.00 for 20 years would give you extra $252,831.00, assuming a 10% annual return.
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN allocates $2,346,590.00 to match its employees' contributions, providing an employer match rate of 43.30% of their contributions
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN is 16.74%.
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN is 18.33%. This measures the effectiveness of the plan participants' investments in the year.
KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of KRAUS-ANDERSON, INCORPORATED SAVINGS PLAN is 0.00%.
Enrollment Features
KRAUS-ANDERSON, INCORPORATED SAVINGS 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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