TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 500 1ST ST. SE,CEDAR RAPIDS,IA
- Contact person: JULIE ESTENSON
- Phone: (319) 739-1473
Plan General Information
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN is $53,663,306.00.This plan was established in 2002.
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN is 429
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN is $125,089.00
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN is $12,293.00.
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN is approximately $2,967.00
Investing in this additonal $2,967.00 for 20 years would give you extra $189,906.00, assuming a 10% annual return.
Investing in this additonal $2,967.00 for 20 years would give you extra $189,906.00, assuming a 10% annual return.
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN allocates $1,272,970.00 to match its employees' contributions, providing an employer match rate of 48.28% of their contributions
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN is 24.02%.
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN is 19.48%. This measures the effectiveness of the plan participants' investments in the year.
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING PLAN is 0.12%.
Enrollment Features
TRUENORTH COMPANIES, L.C. 401(K) PROFIT SHARING 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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