GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN
Plan Contact
- Address: 282 FARMERS ROW,,GROTON,MA
- Contact person: JOHN HERLIHY
- Phone: (978) 448-7561
Plan General Information
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN is $80,303,314.00.This plan was established in 1923.
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN is 454
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN is $176,879.00
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN is $6,289.00.
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN is approximately $2,514.00
Investing in this additonal $2,514.00 for 20 years would give you extra $160,953.00, assuming a 10% annual return.
Investing in this additonal $2,514.00 for 20 years would give you extra $160,953.00, assuming a 10% annual return.
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN allocates $1,141,761.00 to match its employees' contributions, providing an employer match rate of 79.97% of their contributions
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN is 11.82%.
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN is 14.83%. This measures the effectiveness of the plan participants' investments in the year.
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN is 0.08%.
Enrollment Features
GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT 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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