BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM
Plan Contact
- Address: 2 MID AMERICA PLAZA, SUITE 200,OAKBOOK TERRACE,IL
- Contact person: JOHN BANTA
- Phone: (630) 472-7700
Plan General Information
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM is $47,038,537.00.This plan was established in 1986.
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM is 177
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM is $265,754.00
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM is $11,820.00.
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM is approximately $11,246.00
Investing in this additonal $11,246.00 for 20 years would give you extra $719,789.00, assuming a 10% annual return.
Investing in this additonal $11,246.00 for 20 years would give you extra $719,789.00, assuming a 10% annual return.
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Total Employer Contribution and Match Rate
In 2023, BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM allocates $1,990,668.00 to match its employees' contributions, providing an employer match rate of 95.42% of their contributions
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM is 21.55%.
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM is 19.48%. This measures the effectiveness of the plan participants' investments in the year.
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM Expense Ratio
In 2023, the investment and administrative expense ratio of BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM is 0.00%.
Enrollment Features
BCS FINANCIAL CORPORATION TAX-FAVORED SAVINGS PROGRAM 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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