ALLIANCE HEARING, INC. 401(K) PLAN

Plan Contact

  • Address: 615 NORTH MAIN STREET,OFALLON,IL
  • Contact person: TARA LAWRENCE
  • Phone: (618) 624-4471

Plan General Information

ALLIANCE HEARING, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ALLIANCE HEARING, INC. 401(K) PLAN is $4,676,691.00.This plan was established in 2017.

ALLIANCE HEARING, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ALLIANCE HEARING, INC. 401(K) PLAN is 404

ALLIANCE HEARING, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ALLIANCE HEARING, INC. 401(K) PLAN is $11,575.00

ALLIANCE HEARING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ALLIANCE HEARING, INC. 401(K) PLAN is $3,661.00.

ALLIANCE HEARING, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ALLIANCE HEARING, INC. 401(K) PLAN is approximately $954.00
Investing in this additonal $954.00 for 20 years would give you extra $61,104.00, assuming a 10% annual return.

ALLIANCE HEARING, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, ALLIANCE HEARING, INC. 401(K) PLAN allocates $385,722.00 to match its employees' contributions, providing an employer match rate of 52.15% of their contributions

ALLIANCE HEARING, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ALLIANCE HEARING, INC. 401(K) PLAN is 45.82%.

ALLIANCE HEARING, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ALLIANCE HEARING, INC. 401(K) PLAN is 16.36%. This measures the effectiveness of the plan participants' investments in the year.

ALLIANCE HEARING, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of ALLIANCE HEARING, INC. 401(K) PLAN is 0.65%.

Enrollment Features

ALLIANCE HEARING, INC. 401(K) 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.


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