RICHMOND HOME CARE AGENCY INC. 401(K) PLAN
Plan Contact
- Address: 1375 BAY STREET,,STATEN ISLAND,NY
- Contact person: QIAN LIU
- Phone: (718) 273-5211
Plan General Information
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RICHMOND HOME CARE AGENCY INC. 401(K) PLAN is $361,305.00.This plan was established in 2019.
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RICHMOND HOME CARE AGENCY INC. 401(K) PLAN is 107
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RICHMOND HOME CARE AGENCY INC. 401(K) PLAN is $3,376.00
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RICHMOND HOME CARE AGENCY INC. 401(K) PLAN is $962.00.
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RICHMOND HOME CARE AGENCY INC. 401(K) PLAN is approximately $914.00
Investing in this additonal $914.00 for 20 years would give you extra $58,534.00, assuming a 10% annual return.
Investing in this additonal $914.00 for 20 years would give you extra $58,534.00, assuming a 10% annual return.
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, RICHMOND HOME CARE AGENCY INC. 401(K) PLAN allocates $97,862.00 to match its employees' contributions, providing an employer match rate of 190.03% of their contributions
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RICHMOND HOME CARE AGENCY INC. 401(K) PLAN is 41.22%.
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RICHMOND HOME CARE AGENCY INC. 401(K) PLAN is 15.70%. This measures the effectiveness of the plan participants' investments in the year.
RICHMOND HOME CARE AGENCY INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of RICHMOND HOME CARE AGENCY INC. 401(K) PLAN is 0.08%.
Enrollment Features
RICHMOND HOME CARE AGENCY INC. 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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