PROMESA MANAGEMENT PLAN
Plan Contact
- Address: 1776 CLAY AVE,BRONX,NY
- Contact person: VICKY GATELL
- Phone: (718) 960-7629
Plan General Information
PROMESA MANAGEMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PROMESA MANAGEMENT PLAN is $20,681,633.00.This plan was established in 2012.
PROMESA MANAGEMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PROMESA MANAGEMENT PLAN is 685
PROMESA MANAGEMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PROMESA MANAGEMENT PLAN is $30,192.00
PROMESA MANAGEMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PROMESA MANAGEMENT PLAN is $2,319.00.
PROMESA MANAGEMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PROMESA MANAGEMENT PLAN is approximately $1,436.00
Investing in this additonal $1,436.00 for 20 years would give you extra $91,948.00, assuming a 10% annual return.
Investing in this additonal $1,436.00 for 20 years would give you extra $91,948.00, assuming a 10% annual return.
PROMESA MANAGEMENT PLAN Total Employer Contribution and Match Rate
In 2023, PROMESA MANAGEMENT PLAN allocates $984,136.00 to match its employees' contributions, providing an employer match rate of 68.20% of their contributions
PROMESA MANAGEMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PROMESA MANAGEMENT PLAN is 21.32%.
PROMESA MANAGEMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PROMESA MANAGEMENT PLAN is 17.13%. This measures the effectiveness of the plan participants' investments in the year.
PROMESA MANAGEMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PROMESA MANAGEMENT PLAN is 0.15%.
Enrollment Features
PROMESA MANAGEMENT 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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