WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN
Plan Contact
- Address: 1840 SOUTH 1300 EAST,SALT LAKE CITY,UT
- Contact person: JOHANNA BARRACO
- Phone: (801) 832-2126
Plan General Information
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $85,093,544.00.This plan was established in 1961.
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is 967
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $87,997.00
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is $3,180.00.
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is approximately $1,083.00
Investing in this additonal $1,083.00 for 20 years would give you extra $69,336.00, assuming a 10% annual return.
Investing in this additonal $1,083.00 for 20 years would give you extra $69,336.00, assuming a 10% annual return.
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN allocates $1,047,635.00 to match its employees' contributions, providing an employer match rate of 68.12% of their contributions
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is 7.21%.
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is 15.08%. This measures the effectiveness of the plan participants' investments in the year.
WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WESTMINSTER UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN is 0.13%.
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