403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC.
Plan Contact
- Address: 93 AIRPORT RD,WESTERLY,RI
- Contact person: MICHELE WALSH
- Phone: (401) 315-0143
Plan General Information
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. is $1,891,246.00.This plan was established in 2003.
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. is 161
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Average Participant Retirement Account Value
In 2022, the average participant retirement account value for 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. is $11,746.00
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. is $1,266.00.
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. is approximately $186.00
Investing in this additonal $186.00 for 20 years would give you extra $11,904.00, assuming a 10% annual return.
Investing in this additonal $186.00 for 20 years would give you extra $11,904.00, assuming a 10% annual return.
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Total Employer Contribution and Match Rate
In 2022, 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. allocates $29,948.00 to match its employees' contributions, providing an employer match rate of 29.36% of their contributions
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. is -18.49%.
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. is -14.27%. This measures the effectiveness of the plan participants' investments in the year.
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. Expense Ratio
In 2022, the investment and administrative expense ratio of 403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. is 0.03%.
Enrollment Features
403(B) THRIFT PLAN FOR EMPLOYEES OF FRANK OLEAN CENTER, INC. 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.
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