MBIA INC. 401(K) EMPLOYEE PLAN
Plan Contact
- Address: 1 MANHATTANVILLE RD. STE 301,PURCHASE,NY
- Contact person: KIMBERLY ZOTTOLA
- Phone: (914) 273-4545
Plan General Information
MBIA INC. 401(K) EMPLOYEE PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of MBIA INC. 401(K) EMPLOYEE PLAN is $153,527,978.00.This plan was established in 1975.
MBIA INC. 401(K) EMPLOYEE PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in MBIA INC. 401(K) EMPLOYEE PLAN is 405
MBIA INC. 401(K) EMPLOYEE PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for MBIA INC. 401(K) EMPLOYEE PLAN is $379,081.00
MBIA INC. 401(K) EMPLOYEE PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for MBIA INC. 401(K) EMPLOYEE PLAN is $8,269.00.
MBIA INC. 401(K) EMPLOYEE PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in MBIA INC. 401(K) EMPLOYEE PLAN is approximately $2,185.00
Investing in this additonal $2,185.00 for 20 years would give you extra $139,852.00, assuming a 10% annual return.
Investing in this additonal $2,185.00 for 20 years would give you extra $139,852.00, assuming a 10% annual return.
MBIA INC. 401(K) EMPLOYEE PLAN Total Employer Contribution and Match Rate
In 2020, MBIA INC. 401(K) EMPLOYEE PLAN allocates $885,003.00 to match its employees' contributions, providing an employer match rate of 52.85% of their contributions
MBIA INC. 401(K) EMPLOYEE PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of MBIA INC. 401(K) EMPLOYEE PLAN is 19.04%.
MBIA INC. 401(K) EMPLOYEE PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for MBIA INC. 401(K) EMPLOYEE PLAN is 24.40%. This measures the effectiveness of the plan participants' investments in the year.
MBIA INC. 401(K) EMPLOYEE PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of MBIA INC. 401(K) EMPLOYEE PLAN is 0.00%.
Enrollment Features
MBIA INC. 401(K) EMPLOYEE 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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