UMOJA BIOPHARMA, INC. 401(K) PLAN
Plan Contact
- Address: 1150 EASTLAKE AVE E,,SEATTLE,WA
- Contact person: AMANDA LITTLE
- Phone: (206) 705-7687
Plan General Information
UMOJA BIOPHARMA, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of UMOJA BIOPHARMA, INC. 401(K) PLAN is $10,316,617.00.This plan was established in 2022.
UMOJA BIOPHARMA, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in UMOJA BIOPHARMA, INC. 401(K) PLAN is 143
UMOJA BIOPHARMA, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for UMOJA BIOPHARMA, INC. 401(K) PLAN is $72,144.00
UMOJA BIOPHARMA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for UMOJA BIOPHARMA, INC. 401(K) PLAN is $35,813.00.
UMOJA BIOPHARMA, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in UMOJA BIOPHARMA, INC. 401(K) PLAN is approximately $9,382.00
Investing in this additonal $9,382.00 for 20 years would give you extra $600,452.00, assuming a 10% annual return.
Investing in this additonal $9,382.00 for 20 years would give you extra $600,452.00, assuming a 10% annual return.
UMOJA BIOPHARMA, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, UMOJA BIOPHARMA, INC. 401(K) PLAN allocates $1,341,637.00 to match its employees' contributions, providing an employer match rate of 52.39% of their contributions
UMOJA BIOPHARMA, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of UMOJA BIOPHARMA, INC. 401(K) PLAN is 91.38%.
UMOJA BIOPHARMA, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for UMOJA BIOPHARMA, INC. 401(K) PLAN is 19.41%. This measures the effectiveness of the plan participants' investments in the year.
UMOJA BIOPHARMA, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of UMOJA BIOPHARMA, INC. 401(K) PLAN is 0.06%.
Enrollment Features
UMOJA BIOPHARMA, 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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