GN RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 8001 BLOOMINGTON FREEWAY,BLOOMINGTON,MN
- Contact person: JUSTYNA BAKEMAN
- Phone: (952) 769-8167
Plan General Information
GN RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GN RETIREMENT SAVINGS PLAN is $169,279,627.00.This plan was established in 1989.
GN RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GN RETIREMENT SAVINGS PLAN is 1646
GN RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GN RETIREMENT SAVINGS PLAN is $102,843.00
GN RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GN RETIREMENT SAVINGS PLAN is $5,688.00.
GN RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GN RETIREMENT SAVINGS PLAN is approximately $2,629.00
Investing in this additonal $2,629.00 for 20 years would give you extra $168,301.00, assuming a 10% annual return.
Investing in this additonal $2,629.00 for 20 years would give you extra $168,301.00, assuming a 10% annual return.
GN RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, GN RETIREMENT SAVINGS PLAN allocates $4,328,503.00 to match its employees' contributions, providing an employer match rate of 45.61% of their contributions
GN RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GN RETIREMENT SAVINGS PLAN is 23.30%.
GN RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GN RETIREMENT SAVINGS PLAN is 20.18%. This measures the effectiveness of the plan participants' investments in the year.
GN RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GN RETIREMENT SAVINGS PLAN is 0.04%.
Enrollment Features
GN 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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