STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN
Plan Contact
- Address: 215 W MAIN STREET,FORT WAYNE,IN
- Contact person: MIKE TORRES
- Phone: (260) 479-2622
Plan General Information
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN is $53,812,350.00.This plan was established in 1984.
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN is 645
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN is $83,430.00
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN is $4,884.00.
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN is approximately $1,767.00
Investing in this additonal $1,767.00 for 20 years would give you extra $113,124.00, assuming a 10% annual return.
Investing in this additonal $1,767.00 for 20 years would give you extra $113,124.00, assuming a 10% annual return.
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN allocates $1,140,086.00 to match its employees' contributions, providing an employer match rate of 35.74% of their contributions
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN is 19.76%.
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN is 18.98%. This measures the effectiveness of the plan participants' investments in the year.
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN is 0.03%.
Enrollment Features
STAR FINANCIAL GROUP, INC. 401(K) SAVINGS 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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