SALEM UNIVERSITY 401(K) PLAN
Plan Contact
- Address: 615 WEST CARMEL DRIVE SUITE 140,CARMEL,IN
- Phone: (317) 805-1782
Plan General Information
SALEM UNIVERSITY 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of SALEM UNIVERSITY 401(K) PLAN is $2,497,763.00.This plan was established in 2005.
SALEM UNIVERSITY 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in SALEM UNIVERSITY 401(K) PLAN is 102
SALEM UNIVERSITY 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for SALEM UNIVERSITY 401(K) PLAN is $24,487.00
SALEM UNIVERSITY 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for SALEM UNIVERSITY 401(K) PLAN is $2,488.00.
SALEM UNIVERSITY 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in SALEM UNIVERSITY 401(K) PLAN is approximately $360.00
Investing in this additonal $360.00 for 20 years would give you extra $23,082.00, assuming a 10% annual return.
Investing in this additonal $360.00 for 20 years would give you extra $23,082.00, assuming a 10% annual return.
SALEM UNIVERSITY 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, SALEM UNIVERSITY 401(K) PLAN allocates $36,788.00 to match its employees' contributions, providing an employer match rate of 28.99% of their contributions
SALEM UNIVERSITY 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of SALEM UNIVERSITY 401(K) PLAN is -20.72%.
SALEM UNIVERSITY 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for SALEM UNIVERSITY 401(K) PLAN is -16.63%. This measures the effectiveness of the plan participants' investments in the year.
SALEM UNIVERSITY 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of SALEM UNIVERSITY 401(K) PLAN is 0.22%.
Enrollment Features
SALEM UNIVERSITY 401(K) 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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