MAMIYE BROS., INC. 401(K) PLAN
- Address: 1385 BROADWAY 18TH FLOOR,NEW YORK,NY
- Contact person: HYMAN MAMIYE
- Phone: (212) 216-6104
MAMIYE BROS., 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.
At the end of 2022, the total retirement plan assets of MAMIYE BROS., INC. 401(K) PLAN is $28,565,852.00.This plan was established in 2000.
At the end of 2022, the total number of retirement plan participants in MAMIYE BROS., INC. 401(K) PLAN is 204
In 2022, the average participant retirement account value for MAMIYE BROS., INC. 401(K) PLAN is $140,028.00
In 2022, the estimated average employee contribution amount per participant for MAMIYE BROS., INC. 401(K) PLAN is $5,840.00
In 2022, the estimated average employer match for an employee in MAMIYE BROS., INC. 401(K) PLAN is approximately $1,023.00
In 2022, MAMIYE BROS., INC. 401(K) PLAN allocates $208,709.00 to match its employees' contributions, providing an employer match rate of 17.69% of their contributions
In 2022, the total retirement plan asset growth rate of MAMIYE BROS., INC. 401(K) PLAN is -16.38%
In 2022, the estimated aggregate retirement account investment gain/loss for MAMIYE BROS., INC. 401(K) PLAN is -15.90%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of MAMIYE BROS., INC. 401(K) PLAN is 0.18%.
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