COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN
Plan Contact
- Address: 110 BARTHOLOMEW AVENUE SUITE 3010,HARTFORD,CT
- Contact person: LISA MARAIA
- Phone: (860) 566-2030
Plan General Information
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN is $6,857,918.00.This plan was established in 1991.
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN is 425
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN is $16,136.00
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN is $1,188.00.
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN is approximately $3,138.00
Investing in this additonal $3,138.00 for 20 years would give you extra $200,864.00, assuming a 10% annual return.
Investing in this additonal $3,138.00 for 20 years would give you extra $200,864.00, assuming a 10% annual return.
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Total Employer Contribution and Match Rate
In 2023, COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN allocates $1,333,865.00 to match its employees' contributions, providing an employer match rate of 528.07% of their contributions
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN is 37.01%.
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN is 12.11%. This measures the effectiveness of the plan participants' investments in the year.
COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of COMMUNITY PARTNERS IN ACTION DEFINED CONTRIBUTION PLAN is 0.23%.
Enrollment Features
COMMUNITY PARTNERS IN ACTION 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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