HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN
Plan Contact
- Address: 118 COMMERCE AVE,GRAND RAPIDS,MI
- Contact person: GAIL MONTGOMERY
- Phone: (616) 752-8645
Plan General Information
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2017, the total retirement plan assets of HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN is $3,438,191.00.This plan was established in 1998.
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2017, the total number of retirement plan participants in HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN is 102
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value
In 2017, the average participant retirement account value for HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN is $33,707.00
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2017, the estimated average employee contribution amount per participant for HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN is $3,447.00.
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match
In 2017, the estimated average employer match for an employee in HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN is approximately $1,590.00
Investing in this additonal $1,590.00 for 20 years would give you extra $101,778.00, assuming a 10% annual return.
Investing in this additonal $1,590.00 for 20 years would give you extra $101,778.00, assuming a 10% annual return.
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2017, HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN allocates $162,209.00 to match its employees' contributions, providing an employer match rate of 92.25% of their contributions
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2017, the total retirement plan asset growth rate of HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN is -6.90%.
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2017, the estimated aggregate retirement account investment gain/loss for HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN is 8.78%. This measures the effectiveness of the plan participants' investments in the year.
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN Expense Ratio
In 2017, the investment and administrative expense ratio of HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND RETIREMENT PLAN is 0.50%.
Enrollment Features
HEART OF WEST MICHIGAN UNITED WAY 401(K) SAVINGS AND 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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