GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN

Plan Contact

  • Address: 3400 TULANE AVENUE, SUITE 1000,NEW ORLEANS,LA
  • Contact person: JODEE DAROCA
  • Phone: (504) 456-2600

Plan General Information

GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN is $2,089,221.00.This plan was established in 1993.

GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN is 265

GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN is $7,883.00

GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN is approximately $1,899.00
Investing in this additonal $1,899.00 for 20 years would give you extra $121,598.00, assuming a 10% annual return.

GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN is 9.86%.

GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN is 12.70%. This measures the effectiveness of the plan participants' investments in the year.

GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN is 1.75%.

Enrollment Features

GOODWORKS, INC. FEDERAL CONTRACT RETIREMENT PLAN 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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