MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 33 SOUTH FULLERTON,MONTCLAIR,NJ
- Contact person: ROBERT DAVISON
- Phone: (973) 509-9777
Plan General Information
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN is $8,960,781.00.This plan was established in 1999.
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN is 245
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN is $36,574.00
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN is $2,003.00.
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN is approximately $2,365.00
Investing in this additonal $2,365.00 for 20 years would give you extra $151,407.00, assuming a 10% annual return.
Investing in this additonal $2,365.00 for 20 years would give you extra $151,407.00, assuming a 10% annual return.
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN allocates $579,608.00 to match its employees' contributions, providing an employer match rate of 117.60% of their contributions
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN is 18.15%.
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN is 13.09%. This measures the effectiveness of the plan participants' investments in the year.
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN is 0.05%.
Enrollment Features
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING 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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