OPEN ARMS SOLUTIONS 401(K) PLAN
Plan Contact
- Address: 900 SKOKIE BOULEVARD SUITE 212,NORTHBROOK,IL
- Contact person: PLAN SPONSOR
- Phone: (847) 272-4997
Plan General Information
OPEN ARMS SOLUTIONS 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of OPEN ARMS SOLUTIONS 401(K) PLAN is $366,838.00.This plan was established in 2019.
OPEN ARMS SOLUTIONS 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in OPEN ARMS SOLUTIONS 401(K) PLAN is 179
OPEN ARMS SOLUTIONS 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for OPEN ARMS SOLUTIONS 401(K) PLAN is $2,049.00
OPEN ARMS SOLUTIONS 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for OPEN ARMS SOLUTIONS 401(K) PLAN is $611.00.
OPEN ARMS SOLUTIONS 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in OPEN ARMS SOLUTIONS 401(K) PLAN is approximately $292.00
Investing in this additonal $292.00 for 20 years would give you extra $18,751.00, assuming a 10% annual return.
Investing in this additonal $292.00 for 20 years would give you extra $18,751.00, assuming a 10% annual return.
OPEN ARMS SOLUTIONS 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, OPEN ARMS SOLUTIONS 401(K) PLAN allocates $52,445.00 to match its employees' contributions, providing an employer match rate of 49.42% of their contributions
OPEN ARMS SOLUTIONS 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of OPEN ARMS SOLUTIONS 401(K) PLAN is 23.17%.
OPEN ARMS SOLUTIONS 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for OPEN ARMS SOLUTIONS 401(K) PLAN is -13.57%. This measures the effectiveness of the plan participants' investments in the year.
OPEN ARMS SOLUTIONS 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of OPEN ARMS SOLUTIONS 401(K) PLAN is 1.40%.
Enrollment Features
OPEN ARMS SOLUTIONS 401(K) 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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