EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED,

  • Address: 1 FARMINGDALE RD,WEST BABYLON,NY
  • Contact person: STEPHEN MCCARTHY
  • Phone: (631) 669-5355

EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, 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.

At the end of 2021, the total retirement plan assets of EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, is $18,224,020.00.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, is 1052

In 2021, the average participant retirement account value for EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, is $17,323.00

In 2021, the estimated average employee contribution amount per participant for EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, is $636.00

In 2021, the estimated average employer match for an employee in EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, is approximately $542.00

In 2021, EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, allocates $570,940.00 to match its employees' contributions, providing an employer match rate of 85.29% of their contributions

In 2021, the total retirement plan asset growth rate of EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, is 14.39%

In 2021, the estimated aggregate retirement account investment gain/loss for EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, is 13.84%. This measures the effectiveness of the plan participants' investments in the year.

In 2021, the investment and administrative expense ratio of EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, is 0.06%.

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