403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND
Plan Contact
- Address: 1660 WALT WHITMAN ROAD, SUITE 13,MELVILLE,NY
- Contact person: GWEN O'SHEA
- Phone: (631) 471-1215
Plan General Information
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND is $5,073,360.00.This plan was established in 2009.
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND is 153
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Average Participant Retirement Account Value
In 2023, the average participant retirement account value for 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND is $33,159.00
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND is $4,859.00.
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND is approximately $1,344.00
Investing in this additonal $1,344.00 for 20 years would give you extra $86,033.00, assuming a 10% annual return.
Investing in this additonal $1,344.00 for 20 years would give you extra $86,033.00, assuming a 10% annual return.
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Total Employer Contribution and Match Rate
In 2023, 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND allocates $205,674.00 to match its employees' contributions, providing an employer match rate of 55.33% of their contributions
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND is 22.41%.
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND is 14.71%. This measures the effectiveness of the plan participants' investments in the year.
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND Expense Ratio
In 2023, the investment and administrative expense ratio of 403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND is 0.00%.
Enrollment Features
403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND 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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