INNER-CITY NURSING HOME INC

Plan Overview & Key Metrics

INNER-CITY NURSING HOME INC is a defined contribution retirement plan offered by INNER-CITY NURSING HOME INC. Below is a snapshot of the plan’s financial health, participant activity, and employer generosity based on publicly filed data. Use these metrics to benchmark your own contributions and see how this plan compares to peers.

INNER-CITY NURSING HOME INC Total Retirement Plan Assets

At the end of 2009, the total retirement plan assets of INNER-CITY NURSING HOME INC is $257,139.00.This plan was established in 1999.

INNER-CITY NURSING HOME INC Total Number of Retirement Plan Participants

At the end of 2009, the total number of retirement plan participants in INNER-CITY NURSING HOME INC is 109

INNER-CITY NURSING HOME INC Average Participant Retirement Account Value

In 2009, the average participant retirement account value for INNER-CITY NURSING HOME INC is $2,359.00

INNER-CITY NURSING HOME INC Estimated Average Employee Contribution Amount

In 2009, the estimated average employee contribution amount per participant for INNER-CITY NURSING HOME INC is $700.00.

INNER-CITY NURSING HOME INC Estimated Average Employer Match

In 2009, the estimated average employer match for an employee in INNER-CITY NURSING HOME INC is approximately $68.00
Investing in this additonal $68.00 for 20 years would give you extra $4,372.00, assuming a 10% annual return.

INNER-CITY NURSING HOME INC Total Employer Contribution and Match Rate

In 2009, INNER-CITY NURSING HOME INC allocates $7,447.00 to match its employees’ contributions, providing an employer match rate of 19.50% of their contributions

INNER-CITY NURSING HOME INC Total Retirement Plan Asset Growth Rate

In 2009, the total retirement plan asset growth rate of INNER-CITY NURSING HOME INC is 22.78%.

INNER-CITY NURSING HOME INC Estimated Aggregate Retirement Account Investment Gain/Loss

In 2009, the estimated aggregate retirement account investment gain/loss for INNER-CITY NURSING HOME INC is 23.96%. This measures the effectiveness of the plan participants’ investments in the year.

INNER-CITY NURSING HOME INC Expense Ratio

In 2009, the investment and administrative expense ratio of INNER-CITY NURSING HOME INC is 0.41%.

* Data are from public filings.

Plan Administrator & Contact

Need to reach the plan administrator, update beneficiaries, or request a distribution? Use the contact details below. If the plan uses an external recordkeeper (such as Fidelity, Vanguard, or Empower), their portal is typically the fastest way to manage your account day to day.

INNER-CITY NURSING HOME INC Contact Info:

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Enrollment & Brokerage Features

The following features describe how INNER-CITY NURSING HOME INC handles enrollment, default investments, and access to self-directed brokerage windows. Plans that offer auto-enrollment tend to have higher participation rates, and a brokerage window can give you access to investments beyond the plan’s core lineup.

INNER-CITY NURSING HOME INC has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

What Should You Do Next?

Your 401(k) is likely your single largest wealth-building tool. Here is how to make the most of INNER-CITY NURSING HOME INC:

  1. Contribute enough to capture the full employer match. This is free money — see the match details on the Contribution & Match page.
  2. Review your investment allocation. Make sure your mix of stocks, bonds, and other assets matches your age and risk tolerance. Check available investment options.
  3. Keep your beneficiary designations current. Life events (marriage, divorce, children) mean your beneficiary form may need updating.
  4. Increase contributions over time. Even a 1% annual bump can add tens of thousands to your retirement balance over a career.

Use our 401(k) Savings Calculator to project how your current contribution rate translates into retirement wealth, or try the Asset Allocation Calculator to find an allocation that fits your risk profile.

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