MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 750 WEST THIRD STREET,GALESBURG,IL
- Contact person: ANITA SELLS
- Phone: (309) 342-9555
Plan General Information
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN is $5,952,502.00.This plan was established in 1997.
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN is 168
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN is $35,431.00
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN is $1,285.00.
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN is approximately $1,886.00
Investing in this additonal $1,886.00 for 20 years would give you extra $120,742.00, assuming a 10% annual return.
Investing in this additonal $1,886.00 for 20 years would give you extra $120,742.00, assuming a 10% annual return.
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN allocates $316,948.00 to match its employees' contributions, providing an employer match rate of 149.41% of their contributions
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN is 12.91%.
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN is 14.62%. This measures the effectiveness of the plan participants' investments in the year.
MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN is 0.47%.
Enrollment Features
MIDSTATE EMPLOYEE SAVINGS & 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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