EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC.
Plan Contact
- Address: 101 AVENUE OF THE AMERICAS,,NEW YORK,NY
- Contact person: SEAN HEGARTY
- Phone: (646) 417-8395
Plan General Information
EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC. Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC. is 107
EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC. Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC. is $2,038.00.
EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC. Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC. is approximately $57.00
Investing in this additonal $57.00 for 20 years would give you extra $3,659.00, assuming a 10% annual return.
Investing in this additonal $57.00 for 20 years would give you extra $3,659.00, assuming a 10% annual return.
EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC. Total Employer Contribution and Match Rate
In 2019, EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY INC. allocates $6,118.00 to match its employees' contributions, providing an employer match rate of 5.61% of their contributions
Enrollment Features
EMPLOYEE SAVINGS INCENTIVE THRIFT PLAN OF FORBES MANAGEMENT COMPANY 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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