VEENSTRA & KIMM, INC. PROFIT SHARING PLAN
Plan Contact
- Address: 3000 WESTOWN PKWY,WEST DES MOINES,IA
- Contact person: FORREST ALDRICH
- Phone: (515) 225-8000
Plan General Information
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of VEENSTRA & KIMM, INC. PROFIT SHARING PLAN is $50,170,398.00.This plan was established in 1980.
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in VEENSTRA & KIMM, INC. PROFIT SHARING PLAN is 222
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for VEENSTRA & KIMM, INC. PROFIT SHARING PLAN is $225,992.00
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for VEENSTRA & KIMM, INC. PROFIT SHARING PLAN is $10,335.00.
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in VEENSTRA & KIMM, INC. PROFIT SHARING PLAN is approximately $5,962.00
Investing in this additonal $5,962.00 for 20 years would give you extra $381,576.00, assuming a 10% annual return.
Investing in this additonal $5,962.00 for 20 years would give you extra $381,576.00, assuming a 10% annual return.
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, VEENSTRA & KIMM, INC. PROFIT SHARING PLAN allocates $1,323,594.00 to match its employees' contributions, providing an employer match rate of 60.98% of their contributions
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of VEENSTRA & KIMM, INC. PROFIT SHARING PLAN is 21.84%.
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for VEENSTRA & KIMM, INC. PROFIT SHARING PLAN is 17.77%. This measures the effectiveness of the plan participants' investments in the year.
VEENSTRA & KIMM, INC. PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of VEENSTRA & KIMM, INC. PROFIT SHARING PLAN is 0.26%.
Enrollment Features
VEENSTRA & KIMM, INC. 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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