ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN
Plan Contact
- Address: 1118 CHARLES STREET,ELMIRA,NY
- Phone: (607) 734-7107
Plan General Information
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN is $6,854,334.00.This plan was established in 1988.
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN is 308
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN is $22,254.00
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN is $1,139.00.
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN is approximately $462.00
Investing in this additonal $462.00 for 20 years would give you extra $29,573.00, assuming a 10% annual return.
Investing in this additonal $462.00 for 20 years would give you extra $29,573.00, assuming a 10% annual return.
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN allocates $142,323.00 to match its employees' contributions, providing an employer match rate of 39.70% of their contributions
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN is -11.59%.
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN is -14.57%. This measures the effectiveness of the plan participants' investments in the year.
ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of ABLE2 ENHANCING POTENTIAL, INC. 401(K) PLAN is 0.18%.
Enrollment Features
ABLE2 ENHANCING POTENTIAL, 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.
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