OVATIVE GROUP LLC 401K PLAN
Plan Contact
- Address: 729 WASHINGTON AVE NORTH,,MINNEAPOLIS,MN
- Contact person: ELIZABETH MOSINIAK
- Phone: (612) 810-6173
Plan General Information
OVATIVE GROUP LLC 401K PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of OVATIVE GROUP LLC 401K PLAN is $14,010,645.00.This plan was established in 2022.
OVATIVE GROUP LLC 401K PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in OVATIVE GROUP LLC 401K PLAN is 235
OVATIVE GROUP LLC 401K PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for OVATIVE GROUP LLC 401K PLAN is $59,619.00
OVATIVE GROUP LLC 401K PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for OVATIVE GROUP LLC 401K PLAN is $8,949.00.
OVATIVE GROUP LLC 401K PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in OVATIVE GROUP LLC 401K PLAN is approximately $4,657.00
Investing in this additonal $4,657.00 for 20 years would give you extra $298,057.00, assuming a 10% annual return.
Investing in this additonal $4,657.00 for 20 years would give you extra $298,057.00, assuming a 10% annual return.
OVATIVE GROUP LLC 401K PLAN Total Employer Contribution and Match Rate
In 2021, OVATIVE GROUP LLC 401K PLAN allocates $1,094,430.00 to match its employees' contributions, providing an employer match rate of 52.04% of their contributions
OVATIVE GROUP LLC 401K PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of OVATIVE GROUP LLC 401K PLAN is 42.38%.
OVATIVE GROUP LLC 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for OVATIVE GROUP LLC 401K PLAN is 16.33%. This measures the effectiveness of the plan participants' investments in the year.
OVATIVE GROUP LLC 401K PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of OVATIVE GROUP LLC 401K PLAN is 0.02%.
Enrollment Features
OVATIVE GROUP LLC 401K 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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