UNIVERSITY OF SIOUX FALLS 403(B) PLAN
Plan Contact
- Address: 1101 W 22ND STREET,SIOUX FALLS,SD
- Contact person: ERIC QUELLA
- Phone: (605) 331-5000
Plan General Information
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of UNIVERSITY OF SIOUX FALLS 403(B) PLAN is $20,870,008.00.This plan was established in 1946.
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in UNIVERSITY OF SIOUX FALLS 403(B) PLAN is 418
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for UNIVERSITY OF SIOUX FALLS 403(B) PLAN is $49,928.00
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for UNIVERSITY OF SIOUX FALLS 403(B) PLAN is $1,808.00.
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in UNIVERSITY OF SIOUX FALLS 403(B) PLAN is approximately $815.00
Investing in this additonal $815.00 for 20 years would give you extra $52,172.00, assuming a 10% annual return.
Investing in this additonal $815.00 for 20 years would give you extra $52,172.00, assuming a 10% annual return.
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Total Employer Contribution and Match Rate
In 2023, UNIVERSITY OF SIOUX FALLS 403(B) PLAN allocates $340,751.00 to match its employees' contributions, providing an employer match rate of 44.49% of their contributions
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of UNIVERSITY OF SIOUX FALLS 403(B) PLAN is 15.69%.
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for UNIVERSITY OF SIOUX FALLS 403(B) PLAN is 16.08%. This measures the effectiveness of the plan participants' investments in the year.
UNIVERSITY OF SIOUX FALLS 403(B) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of UNIVERSITY OF SIOUX FALLS 403(B) PLAN is 0.31%.
Enrollment Features
UNIVERSITY OF SIOUX FALLS 403(B) 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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