THE AAFSC 403(B) RETIREMENT PLAN

Plan Contact

  • Address: 150 COURT STREET,,BROOKLYN,NY
  • Contact person: NASEEM HAFFAR
  • Phone: (718) 643-8000

Plan General Information

THE AAFSC 403(B) RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of THE AAFSC 403(B) RETIREMENT PLAN is $963,747.00.This plan was established in 2008.

THE AAFSC 403(B) RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in THE AAFSC 403(B) RETIREMENT PLAN is 140

THE AAFSC 403(B) RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for THE AAFSC 403(B) RETIREMENT PLAN is $6,883.00

THE AAFSC 403(B) RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for THE AAFSC 403(B) RETIREMENT PLAN is $2,186.00.

THE AAFSC 403(B) RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in THE AAFSC 403(B) RETIREMENT PLAN is approximately $625.00
Investing in this additonal $625.00 for 20 years would give you extra $40,032.00, assuming a 10% annual return.

THE AAFSC 403(B) RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, THE AAFSC 403(B) RETIREMENT PLAN allocates $87,571.00 to match its employees' contributions, providing an employer match rate of 57.23% of their contributions

THE AAFSC 403(B) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of THE AAFSC 403(B) RETIREMENT PLAN is 44.29%.

THE AAFSC 403(B) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for THE AAFSC 403(B) RETIREMENT PLAN is 12.20%. This measures the effectiveness of the plan participants' investments in the year.

THE AAFSC 403(B) RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of THE AAFSC 403(B) RETIREMENT PLAN is 0.47%.

Enrollment Features

THE AAFSC 403(B) RETIREMENT PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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