MODA OPERANDI, INC. 401(K) PLAN
Plan Contact
- Address: 34 34TH STREET BUILDING 6, SUITE 4A,BROOKLYN,NY
- Contact person: VANESSA GONZALES
- Phone: (917) 755-2385
Plan General Information
MODA OPERANDI, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MODA OPERANDI, INC. 401(K) PLAN is $10,451,225.00.This plan was established in 2011.
MODA OPERANDI, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MODA OPERANDI, INC. 401(K) PLAN is 406
MODA OPERANDI, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MODA OPERANDI, INC. 401(K) PLAN is $25,741.00
MODA OPERANDI, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MODA OPERANDI, INC. 401(K) PLAN is $2,689.00.
MODA OPERANDI, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MODA OPERANDI, INC. 401(K) PLAN is approximately $1,467.00
Investing in this additonal $1,467.00 for 20 years would give you extra $93,925.00, assuming a 10% annual return.
Investing in this additonal $1,467.00 for 20 years would give you extra $93,925.00, assuming a 10% annual return.
MODA OPERANDI, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MODA OPERANDI, INC. 401(K) PLAN allocates $595,837.00 to match its employees' contributions, providing an employer match rate of 54.64% of their contributions
MODA OPERANDI, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MODA OPERANDI, INC. 401(K) PLAN is 34.62%.
MODA OPERANDI, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MODA OPERANDI, INC. 401(K) PLAN is 19.51%. This measures the effectiveness of the plan participants' investments in the year.
MODA OPERANDI, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MODA OPERANDI, INC. 401(K) PLAN is 0.57%.
Enrollment Features
MODA OPERANDI, 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.
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