FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN
Plan Contact
- Address: 55 HARTZ WAY,SECAUCUS,NJ
- Contact person: JILL GUEVARA
- Phone: (212) 924-6767
Plan General Information
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN is $13,495,380.00.This plan was established in 1994.
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN is 152
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN is $88,785.00
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN is $4,037.00.
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN is approximately $382.00
Investing in this additonal $382.00 for 20 years would give you extra $24,468.00, assuming a 10% annual return.
Investing in this additonal $382.00 for 20 years would give you extra $24,468.00, assuming a 10% annual return.
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN allocates $58,112.00 to match its employees' contributions, providing an employer match rate of 9.44% of their contributions
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN is 11.50%.
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN is 16.70%. This measures the effectiveness of the plan participants' investments in the year.
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN is 0.05%.
Enrollment Features
FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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