FAITHFUL COMPANION 401K
Plan Contact
- Address: 1909 THUNDERBIRD ST,TROY,MI
- Contact person: AMY WALSH
- Phone: (248) 535-2255
Plan General Information
FAITHFUL COMPANION 401K Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FAITHFUL COMPANION 401K is $1,969,356.00.This plan was established in 2019.
FAITHFUL COMPANION 401K Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FAITHFUL COMPANION 401K is 213
FAITHFUL COMPANION 401K Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FAITHFUL COMPANION 401K is $9,245.00
FAITHFUL COMPANION 401K Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FAITHFUL COMPANION 401K is $3,120.00.
FAITHFUL COMPANION 401K Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FAITHFUL COMPANION 401K is approximately $1,104.00
Investing in this additonal $1,104.00 for 20 years would give you extra $70,715.00, assuming a 10% annual return.
Investing in this additonal $1,104.00 for 20 years would give you extra $70,715.00, assuming a 10% annual return.
FAITHFUL COMPANION 401K Total Employer Contribution and Match Rate
In 2023, FAITHFUL COMPANION 401K allocates $235,349.00 to match its employees' contributions, providing an employer match rate of 70.83% of their contributions
FAITHFUL COMPANION 401K Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FAITHFUL COMPANION 401K is 70.74%.
FAITHFUL COMPANION 401K Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FAITHFUL COMPANION 401K is 17.46%. This measures the effectiveness of the plan participants' investments in the year.
FAITHFUL COMPANION 401K Expense Ratio
In 2023, the investment and administrative expense ratio of FAITHFUL COMPANION 401K is 0.20%.
Enrollment Features
FAITHFUL COMPANION 401K 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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