MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN
Plan Contact
- Address: 701 COLLEGE ROAD,LEBANON,IL
- Contact person: SCOTT SCHNEIDER
- Phone: (618) 537-6533
Plan General Information
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $55,709,062.00.This plan was established in 1970.
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is 734
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $75,897.00
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $1,145.00.
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is approximately $776.00
Investing in this additonal $776.00 for 20 years would give you extra $49,726.00, assuming a 10% annual return.
Investing in this additonal $776.00 for 20 years would give you extra $49,726.00, assuming a 10% annual return.
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2022, MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN allocates $570,301.00 to match its employees' contributions, providing an employer match rate of 69.29% of their contributions
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is -15.93%.
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is -11.34%. This measures the effectiveness of the plan participants' investments in the year.
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of MCKENDREE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is 0.05%.
Enrollment Features
MCKENDREE UNIVERSITY DEFINED CONTRIBUTION 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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