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AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN

Plan Contact

  • Address: 3700 S. STONEBRIDGE DRIVE,MCKINNEY,TX
  • Contact person: REBECCA ZORN
  • Phone: (469) 525-4253

Plan General Information

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN is $22,861,221.00.This plan was established in 1965.

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN is 376

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN is $60,801.00

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN is $2,748.00.

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN is approximately $3,370.00
Investing in this additonal $3,370.00 for 20 years would give you extra $215,708.00, assuming a 10% annual return.

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN allocates $1,267,290.00 to match its employees' contributions, providing an employer match rate of 133.47% of their contributions

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN is 15.96%.

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN is 13.74%. This measures the effectiveness of the plan participants' investments in the year.

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN is 0.13%.

Enrollment Features

AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 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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