AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN

Plan Contact

  • Address: 307 CUMBERLAND AVE,PORTLAND,ME
  • Contact person: ERIC BOUCHER
  • Phone: (207) 245-3368

Plan General Information

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN is $10,119,699.00.This plan was established in 2005.

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN is 299

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN is $33,845.00

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN is $5,933.00.

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN is approximately $2,082.00
Investing in this additonal $2,082.00 for 20 years would give you extra $133,253.00, assuming a 10% annual return.

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN allocates $622,542.00 to match its employees' contributions, providing an employer match rate of 70.18% of their contributions

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN is 30.39%.

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN is 17.73%. This measures the effectiveness of the plan participants' investments in the year.

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN is 0.70%.

Enrollment Features

AVESTA HOUSING DEVELOPMENT CORP. 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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