LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM
Plan Contact
- Address: 5525 REITZ AVENUE,BATON ROUGE,LA
- Contact person: JOHN BANTA
- Phone: (225) 295-2206
Plan General Information
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM is $594,178,492.00.This plan was established in 1988.
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM is 4583
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM is $129,648.00
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM is $6,999.00.
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM is approximately $5,067.00
Investing in this additonal $5,067.00 for 20 years would give you extra $324,322.00, assuming a 10% annual return.
Investing in this additonal $5,067.00 for 20 years would give you extra $324,322.00, assuming a 10% annual return.
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Total Employer Contribution and Match Rate
In 2023, LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM allocates $23,224,553.00 to match its employees' contributions, providing an employer match rate of 88.85% of their contributions
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM is 21.10%.
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM is 18.91%. This measures the effectiveness of the plan participants' investments in the year.
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM Expense Ratio
In 2023, the investment and administrative expense ratio of LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM is 0.06%.
Enrollment Features
LOUISIANA HEALTH SERVICE & INDEMNITY CO. TAX-FAVORED SAVINGS PROGRAM 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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