RICHFIELD RETIREMENT COMMUNITY 403B PLAN
Plan Contact
- Address: 3615 WEST MAIN STREET,SALEM,VA
- Contact person: ANGELA HUGHES
- Phone: (540) 380-6516
Plan General Information
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Total Retirement Plan Assets
At the end of 2014, the total retirement plan assets of RICHFIELD RETIREMENT COMMUNITY 403B PLAN is $5,526,261.00.This plan was established in 1991.
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Total Number of Retirement Plan Participants
At the end of 2014, the total number of retirement plan participants in RICHFIELD RETIREMENT COMMUNITY 403B PLAN is 775
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Average Participant Retirement Account Value
In 2014, the average participant retirement account value for RICHFIELD RETIREMENT COMMUNITY 403B PLAN is $7,130.00
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Estimated Average Employee Contribution Amount
In 2014, the estimated average employee contribution amount per participant for RICHFIELD RETIREMENT COMMUNITY 403B PLAN is $1,101.00.
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Estimated Average Employer Match
In 2014, the estimated average employer match for an employee in RICHFIELD RETIREMENT COMMUNITY 403B PLAN is approximately $232.00
Investing in this additonal $232.00 for 20 years would give you extra $14,869.00, assuming a 10% annual return.
Investing in this additonal $232.00 for 20 years would give you extra $14,869.00, assuming a 10% annual return.
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Total Employer Contribution and Match Rate
In 2014, RICHFIELD RETIREMENT COMMUNITY 403B PLAN allocates $180,060.00 to match its employees' contributions, providing an employer match rate of 42.17% of their contributions
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Total Retirement Plan Asset Growth Rate
In 2014, the total retirement plan asset growth rate of RICHFIELD RETIREMENT COMMUNITY 403B PLAN is -2.91%.
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2014, the estimated aggregate retirement account investment gain/loss for RICHFIELD RETIREMENT COMMUNITY 403B PLAN is 4.54%. This measures the effectiveness of the plan participants' investments in the year.
RICHFIELD RETIREMENT COMMUNITY 403B PLAN Expense Ratio
In 2014, the investment and administrative expense ratio of RICHFIELD RETIREMENT COMMUNITY 403B PLAN is 1.08%.
Enrollment Features
RICHFIELD RETIREMENT COMMUNITY 403B 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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