SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES
Plan Contact
- Address: 1400 W. MAIN ST.,DURANT,OK
- Contact person: JUDY LILES
- Phone: (580) 924-2211
Plan General Information
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES is $326,075,088.00.This plan was established in 1956.
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES is 2646
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES is $123,233.00
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES is $6,403.00.
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES is approximately $3,486.00
Investing in this additonal $3,486.00 for 20 years would give you extra $223,134.00, assuming a 10% annual return.
Investing in this additonal $3,486.00 for 20 years would give you extra $223,134.00, assuming a 10% annual return.
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Total Employer Contribution and Match Rate
In 2023, SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES allocates $9,225,231.00 to match its employees' contributions, providing an employer match rate of 60.33% of their contributions
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES is 2.59%.
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES is 3.13%. This measures the effectiveness of the plan participants' investments in the year.
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES Expense Ratio
In 2023, the investment and administrative expense ratio of SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES is 0.12%.
Enrollment Features
SPEND LIFE WISELY COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) FEATURES 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.
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