MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN
Plan Contact
- Address: 825 EAST GATE BLVD.,GARDEN CITY,NY
- Contact person: JAMES CUSUMANO
- Phone: (516) 227-6900
Plan General Information
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Total Retirement Plan Assets
At the end of 2010, the total retirement plan assets of MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN is $7,705,600.00.This plan was established in 1994.
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Total Number of Retirement Plan Participants
At the end of 2010, the total number of retirement plan participants in MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN is 146
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Average Participant Retirement Account Value
In 2010, the average participant retirement account value for MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN is $52,778.00
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Estimated Average Employee Contribution Amount
In 2010, the estimated average employee contribution amount per participant for MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN is $9,100.00.
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Estimated Average Employer Match
In 2010, the estimated average employer match for an employee in MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN is approximately $4,057.00
Investing in this additonal $4,057.00 for 20 years would give you extra $259,665.00, assuming a 10% annual return.
Investing in this additonal $4,057.00 for 20 years would give you extra $259,665.00, assuming a 10% annual return.
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Total Employer Contribution and Match Rate
In 2010, MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN allocates $592,363.00 to match its employees' contributions, providing an employer match rate of 89.16% of their contributions
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Total Retirement Plan Asset Growth Rate
In 2010, the total retirement plan asset growth rate of MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN is 34.31%.
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2010, the estimated aggregate retirement account investment gain/loss for MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN is 12.53%. This measures the effectiveness of the plan participants' investments in the year.
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN Expense Ratio
In 2010, the investment and administrative expense ratio of MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE PLAN is 0.02%.
Enrollment Features
MAGNACARE ADMINISTRATIVE SERVICES LLC 401K MONEY PURCHASE 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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