FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1
Plan Contact
- Address: 2200 WELLS FARGO CENTER,,MINNEAPOLIS,MN
- Contact person: MARGO LAMONT
- Phone: (612) 766-7000
Plan General Information
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 is $716,911,004.00.This plan was established in 1969.
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 is 2030
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 is $353,158.00
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 is $6,746.00.
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 is approximately $6,918.00
Investing in this additonal $6,918.00 for 20 years would give you extra $442,774.00, assuming a 10% annual return.
Investing in this additonal $6,918.00 for 20 years would give you extra $442,774.00, assuming a 10% annual return.
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Total Employer Contribution and Match Rate
In 2023, FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 allocates $14,044,253.00 to match its employees' contributions, providing an employer match rate of 102.03% of their contributions
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 is 15.08%.
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 is 20.01%. This measures the effectiveness of the plan participants' investments in the year.
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 Expense Ratio
In 2023, the investment and administrative expense ratio of FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 is 0.07%.
Enrollment Features
FAEGRE DRINKER RETIREMENT SAVINGS PLAN 1 has the following features: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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