SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP
Plan Contact
- Address: 7707 SW 44TH STREET,OKLAHOMA CITY,OK
- Contact person: JESSICA MCHARGUE
- Phone: (405) 745-1191
Plan General Information
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP is $487,082,822.00.This plan was established in 1989.
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP is 33681
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP is $14,461.00
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP is $1,299.00.
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP is approximately $616.00
Investing in this additonal $616.00 for 20 years would give you extra $39,443.00, assuming a 10% annual return.
Investing in this additonal $616.00 for 20 years would give you extra $39,443.00, assuming a 10% annual return.
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Total Employer Contribution and Match Rate
In 2023, SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP allocates $20,757,669.00 to match its employees' contributions, providing an employer match rate of 52.98% of their contributions
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP is 19.88%.
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP is 15.83%. This measures the effectiveness of the plan participants' investments in the year.
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP Expense Ratio
In 2023, the investment and administrative expense ratio of SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP is 0.08%.
Enrollment Features
SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP 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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