SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST
Plan Contact
- Address: 3970 ROGER B. CHAFFEE DRIVE SE,GRAND RAPIDS,MI
- Contact person: PATRICK WOODCOCK
- Phone: (616) 241-4200
Plan General Information
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST is $11,958,538.00.This plan was established in 1985.
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST is 209
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST is $57,217.00
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST is $2,146.00.
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST is approximately $1,906.00
Investing in this additonal $1,906.00 for 20 years would give you extra $121,999.00, assuming a 10% annual return.
Investing in this additonal $1,906.00 for 20 years would give you extra $121,999.00, assuming a 10% annual return.
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST allocates $398,405.00 to match its employees' contributions, providing an employer match rate of 87.57% of their contributions
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST is 11.07%.
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST is 14.98%. This measures the effectiveness of the plan participants' investments in the year.
SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of SUSPA, INCORPORATED 401(K) SALARY REDUCTION PLAN AND TRUST is 0.01%.
Enrollment Features
SUSPA, INCORPORATED 401(K) SALARY REDUCTION 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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