PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 628 ROOSEVELT ROAD,SAINT CLOUD,MN
- Contact person: GREG WINDFELDT
- Phone: (320) 202-7032
Plan General Information
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN is $17,462,674.00.This plan was established in 1994.
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN is 292
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN is $59,803.00
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN is $4,668.00.
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN is approximately $2,513.00
Investing in this additonal $2,513.00 for 20 years would give you extra $160,894.00, assuming a 10% annual return.
Investing in this additonal $2,513.00 for 20 years would give you extra $160,894.00, assuming a 10% annual return.
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN allocates $734,082.00 to match its employees' contributions, providing an employer match rate of 55.07% of their contributions
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN is 28.93%.
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN is 18.40%. This measures the effectiveness of the plan participants' investments in the year.
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN is 0.19%.
Enrollment Features
PREFERRED CREDIT INC. RETIREMENT SAVINGS PLAN 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.
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