REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 660 18TH STREET,GRANITE FALLS,MN
- Contact person: MARTHA PAULSON-STROMMEN
- Phone: (320) 564-4911
Plan General Information
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is $4,714,177.00.This plan was established in 1986.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is 135
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is $34,919.00
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is $3,349.00.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is approximately $1,816.00
Investing in this additonal $1,816.00 for 20 years would give you extra $116,283.00, assuming a 10% annual return.
Investing in this additonal $1,816.00 for 20 years would give you extra $116,283.00, assuming a 10% annual return.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN allocates $245,286.00 to match its employees' contributions, providing an employer match rate of 108.50% of their contributions
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is 9.21%.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is 9.73%. This measures the effectiveness of the plan participants' investments in the year.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is 0.38%.
Enrollment Features
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN 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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