THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS

Plan Contact

  • Address: 604 WEST 4TH ST N,NEWTON,IA
  • Contact person: JOSEPH STOCKER
  • Phone: (641) 792-9000

Plan General Information

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS is $17,169,724.00.This plan was established in 1968.

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS is 128

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Average Participant Retirement Account Value

In 2023, the average participant retirement account value for THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS is $134,138.00

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS is $4,075.00.

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS is approximately $1,179.00
Investing in this additonal $1,179.00 for 20 years would give you extra $75,506.00, assuming a 10% annual return.

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Total Employer Contribution and Match Rate

In 2023, THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS allocates $151,013.00 to match its employees' contributions, providing an employer match rate of 26.66% of their contributions

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS is 16.58%.

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS is 21.70%. This measures the effectiveness of the plan participants' investments in the year.

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS Expense Ratio

In 2023, the investment and administrative expense ratio of THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS is 0.11%.

Enrollment Features

THE VERNON INVESTMENT AND RETIREMENT PLAN FOR FIELD SALESPERSONS 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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