DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN is $20,840,212.This plan was established in 1958.

At the end of 2022, the total number of retirement plan participants in DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN is 627

In 2022, the average participant retirement account value for DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN is $33,237

In 2022, the estimated average employee contribution amount per participant for DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN is $314

In 2022, the estimated average employer match for an employee in DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN is approximately $445

In 2022, DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN allocates $279,615 to match its employees’ contributions, providing an employer match rate of 144.39% of their contributions

In 2022, the total retirement plan asset growth rate of DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN is -13.72%

In 2022, the estimated aggregate retirement account investment gain/loss for DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN is -10.95%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN is 0.10%.

Enrollment Features

DAVIS & ELKINS COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.