HC2 HOLDINGS, INC. 401(K) PLAN
Plan Contact
- Address: 450 PARK AVENUE FL 30,NEW YORK,NY
- Phone: (212) 339-5175
Plan General Information
HC2 HOLDINGS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of HC2 HOLDINGS, INC. 401(K) PLAN is $15,781,348.00.This plan was established in 1995.
HC2 HOLDINGS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in HC2 HOLDINGS, INC. 401(K) PLAN is 183
HC2 HOLDINGS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for HC2 HOLDINGS, INC. 401(K) PLAN is $86,236.00
HC2 HOLDINGS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for HC2 HOLDINGS, INC. 401(K) PLAN is $9,485.00.
HC2 HOLDINGS, INC. 401(K) PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in HC2 HOLDINGS, INC. 401(K) PLAN is approximately $1,554.00
Investing in this additonal $1,554.00 for 20 years would give you extra $99,503.00, assuming a 10% annual return.
Investing in this additonal $1,554.00 for 20 years would give you extra $99,503.00, assuming a 10% annual return.
HC2 HOLDINGS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2020, HC2 HOLDINGS, INC. 401(K) PLAN allocates $284,517.00 to match its employees' contributions, providing an employer match rate of 32.78% of their contributions
HC2 HOLDINGS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of HC2 HOLDINGS, INC. 401(K) PLAN is 14.40%.
HC2 HOLDINGS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for HC2 HOLDINGS, INC. 401(K) PLAN is 18.25%. This measures the effectiveness of the plan participants' investments in the year.
HC2 HOLDINGS, INC. 401(K) PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of HC2 HOLDINGS, INC. 401(K) PLAN is 0.20%.
Enrollment Features
HC2 HOLDINGS, INC. 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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