GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN
Plan Contact
- Address: 228 PARK AVENUE S PMB,,NEW YORK,NY
- Phone: (267) 620-3110
Plan General Information
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN is $43,982,996.00.This plan was established in 2011.
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN is 646
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN is $68,085.00
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN is $9,219.00.
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN is approximately $3,075.00
Investing in this additonal $3,075.00 for 20 years would give you extra $196,816.00, assuming a 10% annual return.
Investing in this additonal $3,075.00 for 20 years would give you extra $196,816.00, assuming a 10% annual return.
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN allocates $1,986,612.00 to match its employees' contributions, providing an employer match rate of 39.57% of their contributions
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN is 29.07%.
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN is 18.70%. This measures the effectiveness of the plan participants' investments in the year.
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT PLAN is 0.30%.
Enrollment Features
GOODWAY GROUP, INC., 401(K) SVGS AND INVESTMENT 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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