BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN
Plan Contact
- Address: 3050 METRO DRIVE, SUITE 200,BLOOMINGTON,MN
- Contact person: RANDY FELD
- Phone: (952) 858-5571
Plan General Information
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN is $24,138,213.00.This plan was established in 1987.
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN is 185
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN is $130,476.00
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN is $16,419.00.
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN is approximately $3,761.00
Investing in this additonal $3,761.00 for 20 years would give you extra $240,719.00, assuming a 10% annual return.
Investing in this additonal $3,761.00 for 20 years would give you extra $240,719.00, assuming a 10% annual return.
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN allocates $695,830.00 to match its employees' contributions, providing an employer match rate of 45.81% of their contributions
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN is 22.11%.
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN is 15.65%. This measures the effectiveness of the plan participants' investments in the year.
BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BOYUM & BARENSCHEER PLLP PROFIT SHARING PLAN is 0.17%.
Enrollment Features
BOYUM & BARENSCHEER PLLP 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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