FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 1625 S BEACON BLVD SUITE B,GRAND HAVEN,MI
- Contact person: CLIFFORD HOLMYARD
- Phone: (616) 847-7538
Plan General Information
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN is $9,015,866.00.This plan was established in 1984.
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN is 249
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN is $36,208.00
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN is $7,103.00.
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN is approximately $502.00
Investing in this additonal $502.00 for 20 years would give you extra $32,164.00, assuming a 10% annual return.
Investing in this additonal $502.00 for 20 years would give you extra $32,164.00, assuming a 10% annual return.
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN allocates $125,141.00 to match its employees' contributions, providing an employer match rate of 14.15% of their contributions
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN is 21.93%.
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN is 17.56%. This measures the effectiveness of the plan participants' investments in the year.
FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FRIENDLY HOLDING COMPANY RETIREMENT SAVINGS PLAN is 0.57%.
Enrollment Features
FRIENDLY HOLDING COMPANY RETIREMENT 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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