PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
Plan Contact
- Address: 3355 EVERGREEN DR NE,GRAND RAPIDS,MI
- Phone: (616) 364-8491
Plan General Information
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST is $49,683,648.00.This plan was established in 1979.
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST is 189
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST is $262,876.00
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST is $10,084.00.
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST is approximately $3,382.00
Investing in this additonal $3,382.00 for 20 years would give you extra $216,476.00, assuming a 10% annual return.
Investing in this additonal $3,382.00 for 20 years would give you extra $216,476.00, assuming a 10% annual return.
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST allocates $639,281.00 to match its employees' contributions, providing an employer match rate of 36.02% of their contributions
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST is 20.50%.
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST is 19.30%. This measures the effectiveness of the plan participants' investments in the year.
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST is 0.19%.
Enrollment Features
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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