FORTIS LUX ADVANTAGE 401(K)
Plan Contact
- Address: 1075 BROKEN SOUND PARKWAY NW,,BOCA RATON,FL
- Contact person: SUZANNE CHOULJIAN
- Phone: (561) 235-3825
Plan General Information
FORTIS LUX ADVANTAGE 401(K) Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FORTIS LUX ADVANTAGE 401(K) is $365,243.00.This plan was established in 2022.
FORTIS LUX ADVANTAGE 401(K) Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FORTIS LUX ADVANTAGE 401(K) is 133
FORTIS LUX ADVANTAGE 401(K) Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FORTIS LUX ADVANTAGE 401(K) is $2,746.00
FORTIS LUX ADVANTAGE 401(K) Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FORTIS LUX ADVANTAGE 401(K) is $4,079.00.
FORTIS LUX ADVANTAGE 401(K) Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FORTIS LUX ADVANTAGE 401(K) is approximately $643.00
Investing in this additonal $643.00 for 20 years would give you extra $41,170.00, assuming a 10% annual return.
Investing in this additonal $643.00 for 20 years would give you extra $41,170.00, assuming a 10% annual return.
FORTIS LUX ADVANTAGE 401(K) Total Employer Contribution and Match Rate
In 2023, FORTIS LUX ADVANTAGE 401(K) allocates $85,558.00 to match its employees' contributions, providing an employer match rate of 31.54% of their contributions
FORTIS LUX ADVANTAGE 401(K) Expense Ratio
In 2023, the investment and administrative expense ratio of FORTIS LUX ADVANTAGE 401(K) is 0.51%.
Enrollment Features
FORTIS LUX ADVANTAGE 401(K) 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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