REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST

Plan Contact

  • Address: 312 STATE ST,PERTH AMBOY,NJ
  • Contact person: PAUL FERRARA
  • Phone: (732) 442-6007

Plan General Information

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets

At the end of 2021, the total retirement plan assets of REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST is $1,576,305.00.This plan was established in 2022.

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants

At the end of 2021, the total number of retirement plan participants in REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST is 125

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value

In 2021, the average participant retirement account value for REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST is $12,610.00

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST is $557.00.

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match

In 2021, the estimated average employer match for an employee in REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $243.00
Investing in this additonal $243.00 for 20 years would give you extra $15,567.00, assuming a 10% annual return.

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate

In 2021, REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST allocates $30,406.00 to match its employees' contributions, providing an employer match rate of 43.64% of their contributions

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate

In 2021, the total retirement plan asset growth rate of REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST is 21.45%.

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss

In 2021, the estimated aggregate retirement account investment gain/loss for REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST is 15.65%. This measures the effectiveness of the plan participants' investments in the year.

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio

In 2021, the investment and administrative expense ratio of REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST is 0.73%.

Enrollment Features

REIGNBOW BEAUTY ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST 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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