403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES
Plan Contact
- Address: 310 OLD FREELAND ROAD,FREELAND,MD
- Contact person: VU TRAN
- Phone: (410) 343-1069
Plan General Information
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES is $16,312,096.00.This plan was established in 1999.
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES is 624
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES is $26,141.00
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES is $3,314.00.
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES is approximately $1,103.00
Investing in this additonal $1,103.00 for 20 years would give you extra $70,655.00, assuming a 10% annual return.
Investing in this additonal $1,103.00 for 20 years would give you extra $70,655.00, assuming a 10% annual return.
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Total Employer Contribution and Match Rate
In 2023, 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES allocates $688,891.00 to match its employees' contributions, providing an employer match rate of 66.62% of their contributions
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES is 27.43%.
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES is 16.28%. This measures the effectiveness of the plan participants' investments in the year.
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES Expense Ratio
In 2023, the investment and administrative expense ratio of 403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES is 0.58%.
Enrollment Features
403(B) THRIFT PLAN FOR PENN-MAR ORGANIZATION INC DBA PENN-MAR HUMAN SERVICES 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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