EDMENTUM SAVINGS AND RETIREMENT PLAN
Plan Contact
- Address: 5600 W 83RD STREET SUITE 300,,BLOOMINGTON,MN
- Contact person: RACHEL BRETHAUER
- Phone: (952) 832-1777
Plan General Information
EDMENTUM SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EDMENTUM SAVINGS AND RETIREMENT PLAN is $102,617,976.00.This plan was established in 1989.
EDMENTUM SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EDMENTUM SAVINGS AND RETIREMENT PLAN is 1878
EDMENTUM SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EDMENTUM SAVINGS AND RETIREMENT PLAN is $54,642.00
EDMENTUM SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EDMENTUM SAVINGS AND RETIREMENT PLAN is $5,362.00.
EDMENTUM SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EDMENTUM SAVINGS AND RETIREMENT PLAN is approximately $1,413.00
Investing in this additonal $1,413.00 for 20 years would give you extra $90,454.00, assuming a 10% annual return.
Investing in this additonal $1,413.00 for 20 years would give you extra $90,454.00, assuming a 10% annual return.
EDMENTUM SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, EDMENTUM SAVINGS AND RETIREMENT PLAN allocates $2,654,275.00 to match its employees' contributions, providing an employer match rate of 31.58% of their contributions
EDMENTUM SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EDMENTUM SAVINGS AND RETIREMENT PLAN is 20.31%.
EDMENTUM SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EDMENTUM SAVINGS AND RETIREMENT PLAN is 19.96%. This measures the effectiveness of the plan participants' investments in the year.
EDMENTUM SAVINGS AND RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of EDMENTUM SAVINGS AND RETIREMENT PLAN is 0.08%.
Enrollment Features
EDMENTUM SAVINGS AND RETIREMENT 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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