EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC.
Plan Contact
- Address: PO BOX 610,,HOLLYWOOD,MD
- Contact person: NANCY BELLERE
- Phone: (301) 373-8100
Plan General Information
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. is $2,140,639.00.This plan was established in 2013.
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. is 135
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. is $15,856.00
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. is $569.00.
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. is approximately $277.00
Investing in this additonal $277.00 for 20 years would give you extra $17,771.00, assuming a 10% annual return.
Investing in this additonal $277.00 for 20 years would give you extra $17,771.00, assuming a 10% annual return.
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Total Employer Contribution and Match Rate
In 2023, EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. allocates $37,487.00 to match its employees' contributions, providing an employer match rate of 47.37% of their contributions
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. is 13.20%.
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. is 12.18%. This measures the effectiveness of the plan participants' investments in the year.
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. is 0.03%.
Enrollment Features
EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. 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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