IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN
Plan Contact
- Address: 385 AIRPORT RD,,ELGIN,IL
- Contact person: RONALD MARSHALL
- Phone: (847) 841-7908
Plan General Information
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN is $22,118,872.00.This plan was established in 1985.
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN is 134
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN is $165,066.00
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN is $7,684.00.
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN is approximately $4,416.00
Investing in this additonal $4,416.00 for 20 years would give you extra $282,634.00, assuming a 10% annual return.
Investing in this additonal $4,416.00 for 20 years would give you extra $282,634.00, assuming a 10% annual return.
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN allocates $591,766.00 to match its employees' contributions, providing an employer match rate of 57.04% of their contributions
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN is 11.14%.
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN is 15.40%. This measures the effectiveness of the plan participants' investments in the year.
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & SAVINGS PLAN is 0.21%.
Enrollment Features
IHC CONSTRUCTION COMPANIES, LLC PROFIT SHARING & 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.
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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