VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN
Plan Contact
- Address: 1441 MAIN STREET, SUITE 890,COLUMBIA,SC
- Contact person: TREY SMOAK
- Phone: (803) 806-8125
Plan General Information
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN is $2,462,733.00.This plan was established in 2012.
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN is 764
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN is $3,223.00
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN is $1,226.00.
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN is approximately $198.00
Investing in this additonal $198.00 for 20 years would give you extra $12,683.00, assuming a 10% annual return.
Investing in this additonal $198.00 for 20 years would give you extra $12,683.00, assuming a 10% annual return.
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN allocates $151,411.00 to match its employees' contributions, providing an employer match rate of 20.84% of their contributions
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN is 40.99%.
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN is 18.74%. This measures the effectiveness of the plan participants' investments in the year.
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) PLAN is 3.43%.
Enrollment Features
VIRTUAL BUSINESS OFFICE ASSOCIATES, INC. 401(K) 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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