SPIRE 401(K) PLAN
Plan Contact
- Address: 2025 LARPENTEUR AVE W,FALCON HEIGHTS,MN
- Contact person: SUSAN JAMBOR
- Phone: (651) 641-2036
Plan General Information
SPIRE 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SPIRE 401(K) PLAN is $40,793,920.00.This plan was established in 1985.
SPIRE 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SPIRE 401(K) PLAN is 469
SPIRE 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SPIRE 401(K) PLAN is $86,980.00
SPIRE 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SPIRE 401(K) PLAN is $7,299.00.
SPIRE 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SPIRE 401(K) PLAN is approximately $5,172.00
Investing in this additonal $5,172.00 for 20 years would give you extra $331,042.00, assuming a 10% annual return.
Investing in this additonal $5,172.00 for 20 years would give you extra $331,042.00, assuming a 10% annual return.
SPIRE 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, SPIRE 401(K) PLAN allocates $2,425,919.00 to match its employees' contributions, providing an employer match rate of 113.62% of their contributions
SPIRE 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SPIRE 401(K) PLAN is 26.10%.
SPIRE 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SPIRE 401(K) PLAN is 19.02%. This measures the effectiveness of the plan participants' investments in the year.
SPIRE 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SPIRE 401(K) PLAN is 0.23%.
Enrollment Features
SPIRE 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.
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