REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 660 18TH STREET,GRANITE FALLS,MN
- Contact person: MARTHA PAULSON-STROMMEN
- Phone: (320) 564-4911
Plan General Information
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is $4,714,177.00.This plan was established in 1986.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is 135
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is $34,919.00
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is $3,349.00.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is approximately $1,816.00
Investing in this additonal $1,816.00 for 20 years would give you extra $116,283.00, assuming a 10% annual return.
Investing in this additonal $1,816.00 for 20 years would give you extra $116,283.00, assuming a 10% annual return.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN allocates $245,286.00 to match its employees' contributions, providing an employer match rate of 108.50% of their contributions
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is 9.21%.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is 9.73%. This measures the effectiveness of the plan participants' investments in the year.
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN is 0.38%.
Enrollment Features
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING 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.
Recent Articles
- Simple 401(k) Investment Guide
- Why Actively Managed Bond Funds Outperform Index Funds More Often Than Stocks
- Income Growth, Historical 401(k) Contribution Limit Data
- How Much Should I Save for Retirement By Age? A Realistic Reference
- Historical Year-by-Year Annual 401(k) Contribution Limits
- Year-by-Year Income Levels in the U.S.
- Realistic Reference Data on Retirement Savings by Age in 2025
- Navigating the ExxonMobil Savings Plan: A Guide to Low-Cost Index Investing
- Cadence Design Systems Inc. 401(k): A Plan with Low-Cost Target Date and Index Funds
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more ...
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this 'lazy' portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...