INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN
Plan Contact
- Address: 1185 6TH AVE,,NEW YORK,NY
- Contact person: SHUI YU
- Phone: (212) 838-7799
Plan General Information
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN is $43,848,051.00.This plan was established in 2009.
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN is 384
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN is $114,187.00
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN is $11,347.00.
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN is approximately $6,388.00
Investing in this additonal $6,388.00 for 20 years would give you extra $408,867.00, assuming a 10% annual return.
Investing in this additonal $6,388.00 for 20 years would give you extra $408,867.00, assuming a 10% annual return.
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN allocates $2,453,205.00 to match its employees' contributions, providing an employer match rate of 64.63% of their contributions
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN is 39.57%.
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN is 20.91%. This measures the effectiveness of the plan participants' investments in the year.
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT PLAN is 0.08%.
Enrollment Features
INDUSTRIAL & COMMERCIAL BANK OF CHINA NEW YORK BRANCH RETIREMENT 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.
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