MAMIYE BROS., INC. 401(K) PLAN

Plan Contact

  • Address: 1385 BROADWAY 18TH FLOOR,NEW YORK,NY
  • Contact person: HYMAN MAMIYE
  • Phone: (212) 216-6104

Plan General Information

MAMIYE BROS., INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MAMIYE BROS., INC. 401(K) PLAN is $34,642,507.00.This plan was established in 2000.

MAMIYE BROS., INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MAMIYE BROS., INC. 401(K) PLAN is 210

MAMIYE BROS., INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MAMIYE BROS., INC. 401(K) PLAN is $164,964.00

MAMIYE BROS., INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for MAMIYE BROS., INC. 401(K) PLAN is $6,852.00.

MAMIYE BROS., INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MAMIYE BROS., INC. 401(K) PLAN is approximately $1,126.00
Investing in this additonal $1,126.00 for 20 years would give you extra $72,091.00, assuming a 10% annual return.

MAMIYE BROS., INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, MAMIYE BROS., INC. 401(K) PLAN allocates $236,549.00 to match its employees' contributions, providing an employer match rate of 16.84% of their contributions

MAMIYE BROS., INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MAMIYE BROS., INC. 401(K) PLAN is 21.27%.

MAMIYE BROS., INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MAMIYE BROS., INC. 401(K) PLAN is 15.97%. This measures the effectiveness of the plan participants' investments in the year.

MAMIYE BROS., INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of MAMIYE BROS., INC. 401(K) PLAN is 0.15%.

Enrollment Features

MAMIYE BROS., INC. 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.

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