PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN
Plan Contact
- Address: PLATINUM BUILDING,,DUBUQUE,IA
- Contact person: ANGIE GRAVEL
- Phone: (563) 557-2504
Plan General Information
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN is $6,555,216.00.This plan was established in 2022.
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN is 100
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN is $65,552.00
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN is $4,397.00.
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN is approximately $2,198.00
Investing in this additonal $2,198.00 for 20 years would give you extra $140,676.00, assuming a 10% annual return.
Investing in this additonal $2,198.00 for 20 years would give you extra $140,676.00, assuming a 10% annual return.
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2021, PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN allocates $219,807.00 to match its employees' contributions, providing an employer match rate of 49.99% of their contributions
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN is 13.85%.
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN is 12.20%. This measures the effectiveness of the plan participants' investments in the year.
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) PLAN is 0.07%.
Enrollment Features
PLATINUM SUPPLEMENTAL INSURANCE, INC. 401(K) 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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