SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN
Plan Contact
- Address: 800 LAKESHORE DRIVE,BIRMINGHAM,AL
- Phone: (205) 726-4084
Plan General Information
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN is $108,027,518.00.This plan was established in 1968.
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN is 2121
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN is $50,932.00
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN is $2,811.00.
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN is approximately $2,791.00
Investing in this additonal $2,791.00 for 20 years would give you extra $178,643.00, assuming a 10% annual return.
Investing in this additonal $2,791.00 for 20 years would give you extra $178,643.00, assuming a 10% annual return.
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Total Employer Contribution and Match Rate
In 2023, SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN allocates $5,920,358.00 to match its employees' contributions, providing an employer match rate of 108.74% of their contributions
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN is 19.26%.
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN is 15.31%. This measures the effectiveness of the plan participants' investments in the year.
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN is 0.07%.
Enrollment Features
SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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