MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF
Plan Contact
- Address: 28 LIBERTY ST,NEW YORK,NY
- Contact person: MATHEW ROSSWOOD
- Phone: (212) 530-5000
Plan General Information
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Total Retirement Plan Assets
At the end of 2016, the total retirement plan assets of MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF is $136,894,587.00.This plan was established in 1984.
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Total Number of Retirement Plan Participants
At the end of 2016, the total number of retirement plan participants in MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF is 678
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Average Participant Retirement Account Value
In 2016, the average participant retirement account value for MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF is $201,909.00
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Estimated Average Employee Contribution Amount
In 2016, the estimated average employee contribution amount per participant for MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF is $16,272.00.
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Estimated Average Employer Match
In 2016, the estimated average employer match for an employee in MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF is approximately $516.00
Investing in this additonal $516.00 for 20 years would give you extra $33,024.00, assuming a 10% annual return.
Investing in this additonal $516.00 for 20 years would give you extra $33,024.00, assuming a 10% annual return.
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Total Employer Contribution and Match Rate
In 2016, MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF allocates $349,858.00 to match its employees' contributions, providing an employer match rate of 6.34% of their contributions
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Total Retirement Plan Asset Growth Rate
In 2016, the total retirement plan asset growth rate of MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF is 8.82%.
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Estimated Aggregate Retirement Account Investment Gain/Loss
In 2016, the estimated aggregate retirement account investment gain/loss for MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF is 8.02%. This measures the effectiveness of the plan participants' investments in the year.
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF Expense Ratio
In 2016, the investment and administrative expense ratio of MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF is -0.02%.
Enrollment Features
MILBANK, TWEED, HADLEY & MCCLOY LLP SAVINGS PLAN FOR PARTNERS & NON-LEGAL STAFF 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.
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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