HANOVER COLLEGE 403(B) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of HANOVER COLLEGE 403(B) RETIREMENT PLAN is $59,458,534.This plan was established in 1939.

At the end of 2022, the total number of retirement plan participants in HANOVER COLLEGE 403(B) RETIREMENT PLAN is 640

In 2022, the average participant retirement account value for HANOVER COLLEGE 403(B) RETIREMENT PLAN is $92,903

In 2022, the estimated average employee contribution amount per participant for HANOVER COLLEGE 403(B) RETIREMENT PLAN is $2,225

In 2022, the estimated average employer match for an employee in HANOVER COLLEGE 403(B) RETIREMENT PLAN is approximately $1,749

In 2022, HANOVER COLLEGE 403(B) RETIREMENT PLAN allocates $1,119,861 to match its employees’ contributions, providing an employer match rate of 78.09% of their contributions

In 2022, the total retirement plan asset growth rate of HANOVER COLLEGE 403(B) RETIREMENT PLAN is -14.69%

In 2022, the estimated aggregate retirement account investment gain/loss for HANOVER COLLEGE 403(B) RETIREMENT PLAN is -12.24%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of HANOVER COLLEGE 403(B) RETIREMENT PLAN is 0.14%.

Enrollment Features

HANOVER COLLEGE 403(B) 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.