THE SMITHGROUP RETIREMENT ACCUMULATION PLAN
Plan Contact
- Address: 500 GRISWOLD ST. SUITE 1700,DETROIT,MI
- Contact person: STACIE THORNTON
- Phone: (313) 442-8020
Plan General Information
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE SMITHGROUP RETIREMENT ACCUMULATION PLAN is $290,364,652.00.This plan was established in 1980.
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE SMITHGROUP RETIREMENT ACCUMULATION PLAN is 2127
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE SMITHGROUP RETIREMENT ACCUMULATION PLAN is $136,513.00
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE SMITHGROUP RETIREMENT ACCUMULATION PLAN is $7,476.00.
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE SMITHGROUP RETIREMENT ACCUMULATION PLAN is approximately $3,287.00
Investing in this additonal $3,287.00 for 20 years would give you extra $210,416.00, assuming a 10% annual return.
Investing in this additonal $3,287.00 for 20 years would give you extra $210,416.00, assuming a 10% annual return.
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Total Employer Contribution and Match Rate
In 2023, THE SMITHGROUP RETIREMENT ACCUMULATION PLAN allocates $6,993,057.00 to match its employees' contributions, providing an employer match rate of 45.41% of their contributions
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE SMITHGROUP RETIREMENT ACCUMULATION PLAN is 24.98%.
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE SMITHGROUP RETIREMENT ACCUMULATION PLAN is 21.02%. This measures the effectiveness of the plan participants' investments in the year.
THE SMITHGROUP RETIREMENT ACCUMULATION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THE SMITHGROUP RETIREMENT ACCUMULATION PLAN is 0.15%.
Enrollment Features
THE SMITHGROUP RETIREMENT ACCUMULATION 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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