ROOT RETIREMENT PLAN
Plan Contact
- Address: 80 EAST RICH STREET, SUITE 500,COLUMBUS,OH
- Contact person: KATIE VAN DIXHORN
- Phone: (866) 980-9431
Plan General Information
ROOT RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ROOT RETIREMENT PLAN is $42,783,755.00.This plan was established in 2017.
ROOT RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ROOT RETIREMENT PLAN is 1286
ROOT RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ROOT RETIREMENT PLAN is $33,268.00
ROOT RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ROOT RETIREMENT PLAN is $4,644.00.
ROOT RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ROOT RETIREMENT PLAN is approximately $2,001.00
Investing in this additonal $2,001.00 for 20 years would give you extra $128,071.00, assuming a 10% annual return.
Investing in this additonal $2,001.00 for 20 years would give you extra $128,071.00, assuming a 10% annual return.
ROOT RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, ROOT RETIREMENT PLAN allocates $2,573,441.00 to match its employees' contributions, providing an employer match rate of 45.53% of their contributions
ROOT RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ROOT RETIREMENT PLAN is 28.72%.
ROOT RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ROOT RETIREMENT PLAN is 19.30%. This measures the effectiveness of the plan participants' investments in the year.
ROOT RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ROOT RETIREMENT PLAN is 0.36%.
Enrollment Features
ROOT RETIREMENT 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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