MACC 403(B) RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of MACC 403(B) RETIREMENT SAVINGS PLAN is $4,076,458.This plan was established in 2009.

At the end of 2022, the total number of retirement plan participants in MACC 403(B) RETIREMENT SAVINGS PLAN is 151

In 2022, the average participant retirement account value for MACC 403(B) RETIREMENT SAVINGS PLAN is $26,996

In 2022, the estimated average employee contribution amount per participant for MACC 403(B) RETIREMENT SAVINGS PLAN is $1,623

In 2022, the estimated average employer match for an employee in MACC 403(B) RETIREMENT SAVINGS PLAN is approximately $1,450

In 2022, MACC 403(B) RETIREMENT SAVINGS PLAN allocates $218,972 to match its employees’ contributions, providing an employer match rate of 70.42% of their contributions

In 2022, the total retirement plan asset growth rate of MACC 403(B) RETIREMENT SAVINGS PLAN is -6.35%

In 2022, the estimated aggregate retirement account investment gain/loss for MACC 403(B) RETIREMENT SAVINGS PLAN is -15.39%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of MACC 403(B) RETIREMENT SAVINGS PLAN is 0.92%.

Enrollment Features

MACC 403(B) RETIREMENT SAVINGS 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.