DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN
Plan Contact
- Contact person: RICARDO MELENDEZ
- Phone: (787) 474-5676
Plan General Information
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Total Retirement Plan Assets
At the end of 2002, the total retirement plan assets of DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN is $11,052,240.00.This plan was established in 1989.
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Total Number of Retirement Plan Participants
At the end of 2002, the total number of retirement plan participants in DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN is 1242
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Average Participant Retirement Account Value
In 2002, the average participant retirement account value for DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN is $8,898.00
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Estimated Average Employee Contribution Amount
In 2002, the estimated average employee contribution amount per participant for DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN is $2,407.00.
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Estimated Average Employer Match
In 2002, the estimated average employer match for an employee in DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN is approximately $349.00
Investing in this additonal $349.00 for 20 years would give you extra $22,357.00, assuming a 10% annual return.
Investing in this additonal $349.00 for 20 years would give you extra $22,357.00, assuming a 10% annual return.
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Total Employer Contribution and Match Rate
In 2002, DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN allocates $433,870.00 to match its employees' contributions, providing an employer match rate of 29.03% of their contributions
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Total Retirement Plan Asset Growth Rate
In 2002, the total retirement plan asset growth rate of DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN is 7.33%.
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2002, the estimated aggregate retirement account investment gain/loss for DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN is -5.35%. This measures the effectiveness of the plan participants' investments in the year.
DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN Expense Ratio
In 2002, the investment and administrative expense ratio of DORAL FINANCIAL CORPORATION RETIREMENT AND INCENTIVE SAVINGS PLAN FORMELY DORAL FINANCIAL CORPORATION TARGET BENEFIT PENSION PLAN is 0.00%.
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