SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY
Plan Contact
- Address: 39 BROADWAY,NEW YORK,NY
- Contact person: VERONICA JARRETT
- Phone: (718) 991-4300
Plan General Information
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY is $10,382,619.00.This plan was established in 1992.
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY is 429
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Average Participant Retirement Account Value
In 2022, the average participant retirement account value for SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY is $24,201.00
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY is $1,850.00.
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY is approximately $1,151.00
Investing in this additonal $1,151.00 for 20 years would give you extra $73,699.00, assuming a 10% annual return.
Investing in this additonal $1,151.00 for 20 years would give you extra $73,699.00, assuming a 10% annual return.
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Total Employer Contribution and Match Rate
In 2022, SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY allocates $494,016.00 to match its employees' contributions, providing an employer match rate of 69.52% of their contributions
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY is -4.71%.
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY is -11.65%. This measures the effectiveness of the plan participants' investments in the year.
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY Expense Ratio
In 2022, the investment and administrative expense ratio of SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY is 0.11%.
Enrollment Features
SECTION 403(B) RETIREMENT PLAN FOR FOOD BANK FOR NEW YORK CITY has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
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