403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC.

Plan Contact

  • Address: 530 S MAIN ST,LIMA,OH
  • Contact person: AMANDA BRODBECK
  • Phone: (419) 879-1508

Plan General Information

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. is $2,469,570.00.This plan was established in 1997.

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. is 316

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Average Participant Retirement Account Value

In 2023, the average participant retirement account value for 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. is $7,815.00

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. is $1,537.00.

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. is approximately $312.00
Investing in this additonal $312.00 for 20 years would give you extra $20,026.00, assuming a 10% annual return.

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Total Employer Contribution and Match Rate

In 2023, 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. allocates $98,880.00 to match its employees' contributions, providing an employer match rate of 40.71% of their contributions

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. is 26.08%.

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. is 13.83%. This measures the effectiveness of the plan participants' investments in the year.

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. Expense Ratio

In 2023, the investment and administrative expense ratio of 403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. is 0.01%.

Enrollment Features

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY RESOURCE CENTER OF NORTHWEST OHIO, INC. has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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