MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN
Plan Contact
- Address: 2200 HALETHORPE FARMS ROAD,BALTIMORE,MD
- Contact person: TENILLE CLARK
- Phone: (410) 737-8282
Plan General Information
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN is $7,007,662.00.This plan was established in 1996.
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN is 286
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN is $24,502.00
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN is $2,252.00.
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN is approximately $1,998.00
Investing in this additonal $1,998.00 for 20 years would give you extra $127,880.00, assuming a 10% annual return.
Investing in this additonal $1,998.00 for 20 years would give you extra $127,880.00, assuming a 10% annual return.
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN allocates $571,467.00 to match its employees' contributions, providing an employer match rate of 90.12% of their contributions
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN is 25.05%.
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN is 14.96%. This measures the effectiveness of the plan participants' investments in the year.
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN is 0.00%.
Enrollment Features
MARYLAND FOOD BANK, INC. 403(B) 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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