KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 3111 AUTOMOBILE BLVD,SILVER SPRING,MD
- Contact person: HASAN ROSS
- Phone: (301) 890-6107
Plan General Information
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN is $7,326,409.00.This plan was established in 2017.
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN is 155
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN is $47,267.00
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN is $4,446.00.
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN is approximately $1,074.00
Investing in this additonal $1,074.00 for 20 years would give you extra $68,776.00, assuming a 10% annual return.
Investing in this additonal $1,074.00 for 20 years would give you extra $68,776.00, assuming a 10% annual return.
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN allocates $166,569.00 to match its employees' contributions, providing an employer match rate of 24.01% of their contributions
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN is 31.04%.
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN is 18.99%. This measures the effectiveness of the plan participants' investments in the year.
KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of KOONS OF SILVER SPRING RETIREMENT SAVINGS PLAN is 0.31%.
Enrollment Features
KOONS OF SILVER SPRING RETIREMENT SAVINGS 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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