FAITH IN ACTION NETWORK 401(K) PLAN
Plan Contact
- Address: 171 SANTA ROSA AVENUE,OAKLAND,CA
- Phone: (510) 655-2801
Plan General Information
FAITH IN ACTION NETWORK 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FAITH IN ACTION NETWORK 401(K) PLAN is $7,289,678.00.This plan was established in 2008.
FAITH IN ACTION NETWORK 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FAITH IN ACTION NETWORK 401(K) PLAN is 130
FAITH IN ACTION NETWORK 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FAITH IN ACTION NETWORK 401(K) PLAN is $56,074.00
FAITH IN ACTION NETWORK 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FAITH IN ACTION NETWORK 401(K) PLAN is $4,922.00.
FAITH IN ACTION NETWORK 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FAITH IN ACTION NETWORK 401(K) PLAN is approximately $3,370.00
Investing in this additonal $3,370.00 for 20 years would give you extra $215,740.00, assuming a 10% annual return.
Investing in this additonal $3,370.00 for 20 years would give you extra $215,740.00, assuming a 10% annual return.
FAITH IN ACTION NETWORK 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, FAITH IN ACTION NETWORK 401(K) PLAN allocates $438,222.00 to match its employees' contributions, providing an employer match rate of 136.95% of their contributions
FAITH IN ACTION NETWORK 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FAITH IN ACTION NETWORK 401(K) PLAN is 10.64%.
FAITH IN ACTION NETWORK 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FAITH IN ACTION NETWORK 401(K) PLAN is 18.99%. This measures the effectiveness of the plan participants' investments in the year.
FAITH IN ACTION NETWORK 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FAITH IN ACTION NETWORK 401(K) PLAN is 0.23%.
Enrollment Features
FAITH IN ACTION NETWORK 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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