LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN
Plan Contact
- Address: P O BOX 329,FRANKENMUTH,MI
- Contact person: AMY STORMS
- Phone: (989) 652-3470
Plan General Information
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2012, the total retirement plan assets of LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN is $8,750,443.00.This plan was established in 1989.
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2012, the total number of retirement plan participants in LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN is 1165
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Average Participant Retirement Account Value
In 2012, the average participant retirement account value for LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN is $7,511.00
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2012, the estimated average employee contribution amount per participant for LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN is $1,060.00.
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Estimated Average Employer Match
In 2012, the estimated average employer match for an employee in LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN is approximately $346.00
Investing in this additonal $346.00 for 20 years would give you extra $22,190.00, assuming a 10% annual return.
Investing in this additonal $346.00 for 20 years would give you extra $22,190.00, assuming a 10% annual return.
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2012, LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN allocates $403,945.00 to match its employees' contributions, providing an employer match rate of 65.40% of their contributions
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2012, the total retirement plan asset growth rate of LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN is 13.25%.
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2012, the estimated aggregate retirement account investment gain/loss for LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN is 12.30%. This measures the effectiveness of the plan participants' investments in the year.
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN Expense Ratio
In 2012, the investment and administrative expense ratio of LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN is 0.60%.
Enrollment Features
LUTHERAN HOMES OF MICHIGAN, INC 403(B) RETIREMENT PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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