HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT
Plan Contact
- Address: 1769 RIVERDALE STREET,WEST SPRINGFIELD,MA
- Phone: (413) 846-4640
Plan General Information
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT is $10,431,287.00.This plan was established in 1984.
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT is 137
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT is $76,140.00
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT is $1,757.00.
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT is approximately $356.00
Investing in this additonal $356.00 for 20 years would give you extra $22,809.00, assuming a 10% annual return.
Investing in this additonal $356.00 for 20 years would give you extra $22,809.00, assuming a 10% annual return.
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Total Employer Contribution and Match Rate
In 2023, HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT allocates $48,827.00 to match its employees' contributions, providing an employer match rate of 20.73% of their contributions
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT is -24.61%.
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT is -3.85%. This measures the effectiveness of the plan participants' investments in the year.
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT Expense Ratio
In 2023, the investment and administrative expense ratio of HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT is 0.64%.
Enrollment Features
HANNOUSH JEWELERS PROFIT SHARING AND SALARY REDUCT 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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