IFL GROUP, INC. 401(K) PLAN
Overview
Plan Contact
- Address: 6860 SOUTH SERVICE DRIVE,WATERFORD,MI
- Contact person: STEPHAN QUINN
- Phone: (248) 666-1961
Plan General Information
At the end of 2022, the total retirement plan assets of IFL GROUP, INC. 401(K) PLAN is $10,067,957.This plan was established in 1992.
At the end of 2022, the total number of retirement plan participants in IFL GROUP, INC. 401(K) PLAN is 242
In 2022, the average participant retirement account value for IFL GROUP, INC. 401(K) PLAN is $41,603
In 2022, the estimated average employee contribution amount per participant for IFL GROUP, INC. 401(K) PLAN is $3,341
In 2022, the estimated average employer match for an employee in IFL GROUP, INC. 401(K) PLAN is approximately $348
In 2022, IFL GROUP, INC. 401(K) PLAN allocates $84,371 to match its employees’ contributions, providing an employer match rate of 12.26% of their contributions
In 2022, the total retirement plan asset growth rate of IFL GROUP, INC. 401(K) PLAN is -18.85%
In 2022, the estimated aggregate retirement account investment gain/loss for IFL GROUP, INC. 401(K) PLAN is -16.65%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of IFL GROUP, INC. 401(K) PLAN is 0.40%.
Enrollment Features
IFL GROUP, INC. 401(K) 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.