401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES
Plan Contact
- Address: 140 58TH STREET,,BROOKLYN,NY
- Contact person: FRED RAVIN
- Phone: (212) 396-1076
Plan General Information
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES is $15,399,809.00.This plan was established in 1985.
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES is 227
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES is $67,840.00
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES is $2,607.00.
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES is approximately $2,231.00
Investing in this additonal $2,231.00 for 20 years would give you extra $142,786.00, assuming a 10% annual return.
Investing in this additonal $2,231.00 for 20 years would give you extra $142,786.00, assuming a 10% annual return.
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Total Employer Contribution and Match Rate
In 2023, 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES allocates $506,447.00 to match its employees' contributions, providing an employer match rate of 90.97% of their contributions
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES is 22.06%.
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES is 14.96%. This measures the effectiveness of the plan participants' investments in the year.
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES Expense Ratio
In 2023, the investment and administrative expense ratio of 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES is 0.34%.
Enrollment Features
401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES 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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