ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN

Plan Contact

  • Address: 1500 EAST DUARTE ROAD,DUARTE,CA
  • Contact person: DIANA HERRERA
  • Phone: (626) 359-8111

Plan General Information

ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN is $1,680,840.00.This plan was established in 2023.

ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN is 100

ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN is $16,808.00

ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN is $20,436.00.

ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN is approximately $4,008.00
Investing in this additonal $4,008.00 for 20 years would give you extra $256,513.00, assuming a 10% annual return.

ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN Total Employer Contribution and Match Rate

In 2023, ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN allocates $400,802.00 to match its employees' contributions, providing an employer match rate of 39.22% of their contributions

ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of ACCESSHOPE 401(K) DEFINED CONTRIBUTION PLAN is 0.13%.

Enrollment Features

ACCESSHOPE 401(K) 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.


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