SSOBA DEFINED CONTRIBUTION RETIREMENT FUND
Plan Contact
- Address: 800 SUNRISE HIGHWAY,WEST BABYLON,NY
- Phone: (631) 587-9710
Plan General Information
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SSOBA DEFINED CONTRIBUTION RETIREMENT FUND is $13,370,777.00.This plan was established in 2006.
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SSOBA DEFINED CONTRIBUTION RETIREMENT FUND is 949
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SSOBA DEFINED CONTRIBUTION RETIREMENT FUND is $14,089.00
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SSOBA DEFINED CONTRIBUTION RETIREMENT FUND is $324.00.
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SSOBA DEFINED CONTRIBUTION RETIREMENT FUND is approximately $2,326.00
Investing in this additonal $2,326.00 for 20 years would give you extra $148,868.00, assuming a 10% annual return.
Investing in this additonal $2,326.00 for 20 years would give you extra $148,868.00, assuming a 10% annual return.
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Total Employer Contribution and Match Rate
In 2023, SSOBA DEFINED CONTRIBUTION RETIREMENT FUND allocates $2,207,446.00 to match its employees' contributions, providing an employer match rate of 1434.38% of their contributions
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SSOBA DEFINED CONTRIBUTION RETIREMENT FUND is 18.14%.
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SSOBA DEFINED CONTRIBUTION RETIREMENT FUND is 8.78%. This measures the effectiveness of the plan participants' investments in the year.
SSOBA DEFINED CONTRIBUTION RETIREMENT FUND Expense Ratio
In 2023, the investment and administrative expense ratio of SSOBA DEFINED CONTRIBUTION RETIREMENT FUND is 1.66%.
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