THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN
Plan Contact
- Address: 3701 ALABAMA AVENUE S.,ST. LOUIS PARK,MN
- Contact person: BARBARA HILBERT
- Phone: (952) 258-8860
Plan General Information
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN is $284,890,480.00.This plan was established in 1988.
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN is 5618
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN is $50,710.00
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN is $4,026.00.
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN is approximately $1,365.00
Investing in this additonal $1,365.00 for 20 years would give you extra $87,381.00, assuming a 10% annual return.
Investing in this additonal $1,365.00 for 20 years would give you extra $87,381.00, assuming a 10% annual return.
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN allocates $7,670,418.00 to match its employees' contributions, providing an employer match rate of 38.19% of their contributions
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN is 18.19%.
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN is 17.85%. This measures the effectiveness of the plan participants' investments in the year.
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN is 0.00%.
Enrollment Features
THE LUTHER HOLDING COMPANY SAVINGS PLUS RETIREMENT PLAN 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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