THE NORD CENTER RETIREMENT PLAN

Plan Contact

  • Address: 6140 S. BROADWAY,LORAIN,OH
  • Contact person: MELISSA BECK
  • Phone: (440) 204-4115

Plan General Information

THE NORD CENTER RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of THE NORD CENTER RETIREMENT PLAN is $11,001,672.00.This plan was established in 1989.

THE NORD CENTER RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in THE NORD CENTER RETIREMENT PLAN is 356

THE NORD CENTER RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for THE NORD CENTER RETIREMENT PLAN is $30,903.00

THE NORD CENTER RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for THE NORD CENTER RETIREMENT PLAN is $1,590.00.

THE NORD CENTER RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in THE NORD CENTER RETIREMENT PLAN is approximately $472.00
Investing in this additonal $472.00 for 20 years would give you extra $30,230.00, assuming a 10% annual return.

THE NORD CENTER RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, THE NORD CENTER RETIREMENT PLAN allocates $168,156.00 to match its employees' contributions, providing an employer match rate of 28.76% of their contributions

THE NORD CENTER RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of THE NORD CENTER RETIREMENT PLAN is 6.92%.

THE NORD CENTER RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for THE NORD CENTER RETIREMENT PLAN is 10.61%. This measures the effectiveness of the plan participants' investments in the year.

THE NORD CENTER RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of THE NORD CENTER RETIREMENT PLAN is 0.64%.

Enrollment Features

THE NORD CENTER 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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