PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN
Plan Contact
- Address: 1811 4 MILE ROAD NORTHEAST,GRAND RAPIDS,MI
- Contact person: THOMAS BUTEYN
- Phone: (616) 361-2664
Plan General Information
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN is $39,595,384.00.This plan was established in 1976.
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN is 308
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN is $128,556.00
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN is $14,484.00.
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN is approximately $1,428.00
Investing in this additonal $1,428.00 for 20 years would give you extra $91,428.00, assuming a 10% annual return.
Investing in this additonal $1,428.00 for 20 years would give you extra $91,428.00, assuming a 10% annual return.
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Total Employer Contribution and Match Rate
In 2023, PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN allocates $440,000.00 to match its employees' contributions, providing an employer match rate of 19.73% of their contributions
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN is 17.38%.
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN is 13.03%. This measures the effectiveness of the plan participants' investments in the year.
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN is 0.27%.
Enrollment Features
PROGRESSIVE AE FLEXIBLE COMPENSATION 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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