HEARX WEST, LLC 401(K) PLAN
Plan Contact
- Address: 10 CONSTITUTION AVE.,PISCATAWAY,NJ
- Contact person: SONIA MARTINS
- Phone: (732) 562-6624
Plan General Information
HEARX WEST, LLC 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HEARX WEST, LLC 401(K) PLAN is $2,616,686.00.This plan was established in 2011.
HEARX WEST, LLC 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HEARX WEST, LLC 401(K) PLAN is 191
HEARX WEST, LLC 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HEARX WEST, LLC 401(K) PLAN is $13,699.00
HEARX WEST, LLC 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HEARX WEST, LLC 401(K) PLAN is $1,568.00.
HEARX WEST, LLC 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HEARX WEST, LLC 401(K) PLAN is approximately $596.00
Investing in this additonal $596.00 for 20 years would give you extra $38,170.00, assuming a 10% annual return.
Investing in this additonal $596.00 for 20 years would give you extra $38,170.00, assuming a 10% annual return.
HEARX WEST, LLC 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, HEARX WEST, LLC 401(K) PLAN allocates $113,916.00 to match its employees' contributions, providing an employer match rate of 37.14% of their contributions
HEARX WEST, LLC 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HEARX WEST, LLC 401(K) PLAN is 21.38%.
HEARX WEST, LLC 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HEARX WEST, LLC 401(K) PLAN is 16.22%. This measures the effectiveness of the plan participants' investments in the year.
HEARX WEST, LLC 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HEARX WEST, LLC 401(K) PLAN is 0.77%.
Enrollment Features
HEARX WEST, LLC 401(K) 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.
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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