HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN
Plan Contact
- Address: 9621 W. SAM HOUSTON PKWY N.,,,HOUSTON,TX
- Contact person: JOHN MCKAY
- Phone: (281) 880-6525
Plan General Information
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN is $70,793,508.00.This plan was established in 2001.
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN is 2810
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN is $25,193.00
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN is $2,507.00.
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN is approximately $1,138.00
Investing in this additonal $1,138.00 for 20 years would give you extra $72,860.00, assuming a 10% annual return.
Investing in this additonal $1,138.00 for 20 years would give you extra $72,860.00, assuming a 10% annual return.
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Total Employer Contribution and Match Rate
In 2023, HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN allocates $3,199,043.00 to match its employees' contributions, providing an employer match rate of 52.02% of their contributions
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN is 8.18%.
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN is 2.73%. This measures the effectiveness of the plan participants' investments in the year.
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HR & P SOLUTIONS, INC. 401K SALARY REDUCTION PLAN is 0.72%.
Enrollment Features
HR & P SOLUTIONS, INC. 401K SALARY REDUCTION 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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