THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC
Plan Contact
- Address: 1320 N COURTHOUSE RD, STE 300,ARLINGTON,VA
- Contact person: PRESTON TRAVERSE
- Phone: (703) 224-3200
Plan General Information
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC is $31,063,702.00.This plan was established in 2018.
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC is 936
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Average Participant Retirement Account Value
In 2019, the average participant retirement account value for THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC is $33,187.00
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC is $7,919.00.
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC is approximately $2,877.00
Investing in this additonal $2,877.00 for 20 years would give you extra $184,149.00, assuming a 10% annual return.
Investing in this additonal $2,877.00 for 20 years would give you extra $184,149.00, assuming a 10% annual return.
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Total Employer Contribution and Match Rate
In 2019, THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC allocates $2,693,180.00 to match its employees' contributions, providing an employer match rate of 72.66% of their contributions
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC is 46.80%.
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC is 23.13%. This measures the effectiveness of the plan participants' investments in the year.
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC Expense Ratio
In 2019, the investment and administrative expense ratio of THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC is 0.47%.
Enrollment Features
THE 401(K) PLAN SPONSORED BY FREEDOM NETWORK BENEFITS, LLC 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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