MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN
Plan Contact
- Address: 111 NORTH 5TH STREET,,,MINNEAPOLIS,MN
- Contact person: TAOFEEK ISHOLA
- Phone: (612) 332-1441
Plan General Information
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN is $18,075,967.00.This plan was established in 1998.
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN is 276
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN is $65,492.00
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN is $3,899.00.
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN is approximately $1,376.00
Investing in this additonal $1,376.00 for 20 years would give you extra $88,073.00, assuming a 10% annual return.
Investing in this additonal $1,376.00 for 20 years would give you extra $88,073.00, assuming a 10% annual return.
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN allocates $379,819.00 to match its employees' contributions, providing an employer match rate of 37.11% of their contributions
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN is 10.38%.
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN is 16.58%. This measures the effectiveness of the plan participants' investments in the year.
MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN is 0.42%.
Enrollment Features
MID-MINNESOTA LEGAL ASSISTANCE 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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