GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 1155 BREWERY PARK BLVD.,,DETROIT,MI
- Contact person: DAVID SABBATH
- Phone: (313) 446-1530
Plan General Information
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST is $41,946,753.00.This plan was established in 1969.
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST is 214
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST is $196,012.00
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST is $5,137.00.
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST is approximately $3,267.00
Investing in this additonal $3,267.00 for 20 years would give you extra $209,119.00, assuming a 10% annual return.
Investing in this additonal $3,267.00 for 20 years would give you extra $209,119.00, assuming a 10% annual return.
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST allocates $699,242.00 to match its employees' contributions, providing an employer match rate of 61.03% of their contributions
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST is 6.22%.
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST is 15.34%. This measures the effectiveness of the plan participants' investments in the year.
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST is 0.17%.
Enrollment Features
GARAN LUCOW MILLER, P.C. PROFIT SHARING PLAN & TRUST 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.
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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