PHIPPS HOUSES & AFFILIATES 401(K) PLAN
Plan Contact
- Address: 902 BROADWAY,,NEW YORK,NY
- Contact person: LUKEMAN OGUNYINKA
- Phone: (646) 388-8295
Plan General Information
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PHIPPS HOUSES & AFFILIATES 401(K) PLAN is $24,668,754.00.This plan was established in 2002.
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PHIPPS HOUSES & AFFILIATES 401(K) PLAN is 593
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PHIPPS HOUSES & AFFILIATES 401(K) PLAN is $41,599.00
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PHIPPS HOUSES & AFFILIATES 401(K) PLAN is $3,859.00.
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PHIPPS HOUSES & AFFILIATES 401(K) PLAN is approximately $1,849.00
Investing in this additonal $1,849.00 for 20 years would give you extra $118,395.00, assuming a 10% annual return.
Investing in this additonal $1,849.00 for 20 years would give you extra $118,395.00, assuming a 10% annual return.
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, PHIPPS HOUSES & AFFILIATES 401(K) PLAN allocates $1,097,004.00 to match its employees' contributions, providing an employer match rate of 50.26% of their contributions
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PHIPPS HOUSES & AFFILIATES 401(K) PLAN is 25.05%.
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PHIPPS HOUSES & AFFILIATES 401(K) PLAN is 16.66%. This measures the effectiveness of the plan participants' investments in the year.
PHIPPS HOUSES & AFFILIATES 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PHIPPS HOUSES & AFFILIATES 401(K) PLAN is 0.37%.
Enrollment Features
PHIPPS HOUSES & AFFILIATES 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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