NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN

Plan Contact

  • Address: 1585 WESLEYAN DRIVE,NORFOLK,VA
  • Contact person: JEFF MARTIN
  • Phone: (757) 461-6236

Plan General Information

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN is $51,807,209.00.This plan was established in 1982.

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN is 470

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN is $110,228.00

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN is $5,787.00.

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN is approximately $2,900.00
Investing in this additonal $2,900.00 for 20 years would give you extra $185,644.00, assuming a 10% annual return.

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN allocates $1,363,326.00 to match its employees' contributions, providing an employer match rate of 100.24% of their contributions

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN is 8.06%.

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN is 11.04%. This measures the effectiveness of the plan participants' investments in the year.

NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of NORFOLK ACADEMY PRE-TAX SAVINGS AND RETIREMENT PLAN is 0.08%.

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