SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I

Plan Contact

  • Address: 1547 30TH AVENUE S,MOORHEAD,MN
  • Contact person: JOEL BAKKEN
  • Phone: (218) 287-4338

Plan General Information

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I is $7,149,116.00.This plan was established in 2013.

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I is 387

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I is $18,473.00

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I is $1,251.00.

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I is approximately $838.00
Investing in this additonal $838.00 for 20 years would give you extra $53,650.00, assuming a 10% annual return.

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Total Employer Contribution and Match Rate

In 2023, SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I allocates $324,415.00 to match its employees' contributions, providing an employer match rate of 65.07% of their contributions

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I is 31.60%.

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I is 18.73%. This measures the effectiveness of the plan participants' investments in the year.

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I Expense Ratio

In 2023, the investment and administrative expense ratio of SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I is 0.47%.

Enrollment Features

SOLUTIONS 401(K) PLAN- CENTRAL LOCATION I 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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