VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN)
Plan Contact
- Address: 333 BRIDGE ST NW,,GRAND RAPIDS,MI
- Contact person: JOHN ARENDSHORST
- Phone: (616) 336-6000
Plan General Information
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) is $178,375,312.00.This plan was established in 1968.
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) is 327
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Average Participant Retirement Account Value
In 2020, the average participant retirement account value for VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) is $545,490.00
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) is $14,185.00.
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) is approximately $11,576.00
Investing in this additonal $11,576.00 for 20 years would give you extra $740,927.00, assuming a 10% annual return.
Investing in this additonal $11,576.00 for 20 years would give you extra $740,927.00, assuming a 10% annual return.
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Total Employer Contribution and Match Rate
In 2020, VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) allocates $3,785,678.00 to match its employees' contributions, providing an employer match rate of 163.22% of their contributions
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) is 8.45%.
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) is 15.64%. This measures the effectiveness of the plan participants' investments in the year.
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) Expense Ratio
In 2020, the investment and administrative expense ratio of VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) is 0.04%.
Enrollment Features
VARNUM PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (F/K/A VARNUM RIDDERING SCHMIDT & HOWLETT LLP RETIREMENT SAVINGS PLAN) has the following features: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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