LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN
Plan Contact
- Address: 1800 TECHNOLOGY DRIVE NE,WILLMAR,MN
- Contact person: BETH WOSMEK
- Phone: (320) 222-9782
Plan General Information
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN is $73,117,806.00.This plan was established in 1960.
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN is 2448
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN is $29,868.00
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN is $3,511.00.
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN is approximately $1,112.00
Investing in this additonal $1,112.00 for 20 years would give you extra $71,220.00, assuming a 10% annual return.
Investing in this additonal $1,112.00 for 20 years would give you extra $71,220.00, assuming a 10% annual return.
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN allocates $2,724,171.00 to match its employees' contributions, providing an employer match rate of 63.38% of their contributions
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN is 13.30%.
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN is 12.69%. This measures the effectiveness of the plan participants' investments in the year.
LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN is 0.24%.
Enrollment Features
LIFE-SCIENCE INNOVATIONS AND AFFILIATES 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.
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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