SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST
Plan Contact
- Address: 7500 HIGHWAY 55,,MINNEAPOLIS,MN
- Contact person: JASON MILLER
- Phone: (952) 920-1455
Plan General Information
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST is $26,178,649.00.This plan was established in 1991.
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST is 139
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST is $188,335.00
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST is $8,531.00.
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST is approximately $6,070.00
Investing in this additonal $6,070.00 for 20 years would give you extra $388,493.00, assuming a 10% annual return.
Investing in this additonal $6,070.00 for 20 years would give you extra $388,493.00, assuming a 10% annual return.
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST allocates $843,759.00 to match its employees' contributions, providing an employer match rate of 72.99% of their contributions
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST is 9.96%.
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST is 14.66%. This measures the effectiveness of the plan participants' investments in the year.
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST is 0.25%.
Enrollment Features
SMITH SCHAFER AND ASSOCIATES, LTD. 401(K) PLAN AND TRUST 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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