FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN
Plan Contact
- Address: 350 NW 1ST AVE, SUITE 200,MIAMI,FL
- Contact person: CHRISTOPHER YARRIS
- Phone: (813) 545-8683
Plan General Information
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN is $42,372,512.00.This plan was established in 1984.
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN is 582
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN is $72,805.00
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN is $7,799.00.
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN is approximately $2,761.00
Investing in this additonal $2,761.00 for 20 years would give you extra $176,713.00, assuming a 10% annual return.
Investing in this additonal $2,761.00 for 20 years would give you extra $176,713.00, assuming a 10% annual return.
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Total Employer Contribution and Match Rate
In 2023, FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN allocates $1,606,991.00 to match its employees' contributions, providing an employer match rate of 43.56% of their contributions
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN is 17.42%.
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN is 14.59%. This measures the effectiveness of the plan participants' investments in the year.
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL PLAN is 0.10%.
Enrollment Features
FLORIDA EAST COAST INDUSTRIES, LLC SALARY DEFERRAL 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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