SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN

At the end of 2022, the total retirement plan assets of SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is $232,959,627.This plan was established in 1963.

At the end of 2022, the total number of retirement plan participants in SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is 2251

In 2022, the average participant retirement account value for SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is $103,491

In 2022, the estimated average employee contribution amount per participant for SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is $2,892

In 2022, the estimated average employer match for an employee in SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is approximately $2,329

In 2022, SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN allocates $5,244,123 to match its employees’ contributions, providing an employer match rate of 81.60% of their contributions

In 2022, the total retirement plan asset growth rate of SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is -12.75%

In 2022, the estimated aggregate retirement account investment gain/loss for SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is -12.74%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is 0.15%.

Enrollment Features

SACRED HEART UNIVERSITY DEFINED CONTRIBUTION 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.