ENVOLVE EMPLOYEE SAVINGS PLAN
Plan Contact
- Address: 555 PERKINS EXTENDED, SUITE 200,MEMPHIS,TN
- Contact person: JEFF EZEKIEL
- Phone: (901) 435-7700
Plan General Information
ENVOLVE EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ENVOLVE EMPLOYEE SAVINGS PLAN is $16,637,685.00.This plan was established in 1994.
ENVOLVE EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ENVOLVE EMPLOYEE SAVINGS PLAN is 994
ENVOLVE EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ENVOLVE EMPLOYEE SAVINGS PLAN is $16,738.00
ENVOLVE EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ENVOLVE EMPLOYEE SAVINGS PLAN is $1,747.00.
ENVOLVE EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ENVOLVE EMPLOYEE SAVINGS PLAN is approximately $674.00
Investing in this additonal $674.00 for 20 years would give you extra $43,185.00, assuming a 10% annual return.
Investing in this additonal $674.00 for 20 years would give you extra $43,185.00, assuming a 10% annual return.
ENVOLVE EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, ENVOLVE EMPLOYEE SAVINGS PLAN allocates $670,720.00 to match its employees' contributions, providing an employer match rate of 40.97% of their contributions
ENVOLVE EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ENVOLVE EMPLOYEE SAVINGS PLAN is 22.55%.
ENVOLVE EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ENVOLVE EMPLOYEE SAVINGS PLAN is 15.84%. This measures the effectiveness of the plan participants' investments in the year.
ENVOLVE EMPLOYEE SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ENVOLVE EMPLOYEE SAVINGS PLAN is 0.89%.
Enrollment Features
ENVOLVE EMPLOYEE SAVINGS 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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