HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 2150 POST ROAD, SUITE 301,FAIRFIELD,CT
- Contact person: PETER ARVONIO
- Phone: (203) 418-9000
Plan General Information
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN is $23,569,863.00.This plan was established in 1995.
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN is 131
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN is $179,922.00
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN is $17,092.00.
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN is approximately $858.00
Investing in this additonal $858.00 for 20 years would give you extra $54,912.00, assuming a 10% annual return.
Investing in this additonal $858.00 for 20 years would give you extra $54,912.00, assuming a 10% annual return.
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2020, HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN allocates $112,400.00 to match its employees' contributions, providing an employer match rate of 10.04% of their contributions
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN is 13.80%.
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN is 12.89%. This measures the effectiveness of the plan participants' investments in the year.
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN is 0.00%.
Enrollment Features
HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & 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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