SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA
Plan Contact
- Address: 108 N. 8TH STREET,RICHMOND,VA
- Contact person: DAVID MAUGER
- Phone: (540) 586-0606
Plan General Information
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA is $1,065,508,171.00.This plan was established in 2018.
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA is 10583
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA is $100,681.00
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA is $1,766.00.
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA is approximately $1,674.00
Investing in this additonal $1,674.00 for 20 years would give you extra $107,188.00, assuming a 10% annual return.
Investing in this additonal $1,674.00 for 20 years would give you extra $107,188.00, assuming a 10% annual return.
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Total Employer Contribution and Match Rate
In 2023, SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA allocates $17,724,653.00 to match its employees' contributions, providing an employer match rate of 95.40% of their contributions
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA is 19.86%.
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA is 23.89%. This measures the effectiveness of the plan participants' investments in the year.
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA Expense Ratio
In 2023, the investment and administrative expense ratio of SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA is 0.25%.
Enrollment Features
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA 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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