AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN

Plan Contact

  • Address: 350 OPPORTUNITY PKWY,AKRON,OH
  • Contact person: CAROL CRABTREE
  • Phone: (330) 777-2311

Plan General Information

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN is $4,577,812.00.This plan was established in 1991.

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN is 131

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN is $34,945.00

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN is $4,599.00.

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN is approximately $1,308.00
Investing in this additonal $1,308.00 for 20 years would give you extra $83,753.00, assuming a 10% annual return.

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Total Employer Contribution and Match Rate

In 2023, AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN allocates $171,433.00 to match its employees' contributions, providing an employer match rate of 56.90% of their contributions

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN is 21.56%.

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN is 11.38%. This measures the effectiveness of the plan participants' investments in the year.

AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of AKRON-CANTON REGIONAL FOODBANK 403(B) PLAN is 0.12%.

Enrollment Features

AKRON-CANTON REGIONAL FOODBANK 403(B) 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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