INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN
Plan Contact
- Address: 100 LAKEFOREST BLVD,,GAITHERSBURG,MD
- Contact person: HAMLET J LOPEZ
- Phone: (301) 444-4100
Plan General Information
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN is $2,680,328.00.This plan was established in 2016.
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN is 236
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN is $11,357.00
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN is $2,101.00.
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN is approximately $1,540.00
Investing in this additonal $1,540.00 for 20 years would give you extra $98,617.00, assuming a 10% annual return.
Investing in this additonal $1,540.00 for 20 years would give you extra $98,617.00, assuming a 10% annual return.
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN allocates $363,652.00 to match its employees' contributions, providing an employer match rate of 93.52% of their contributions
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN is 34.74%.
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN is 18.83%. This measures the effectiveness of the plan participants' investments in the year.
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) PLAN is 1.12%.
Enrollment Features
INNOVATIVE CONSULTING & MANAGEMENT SERVICES LLC 401(K) 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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