NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN
Plan Contact
- Address: 50 BEAVER ST., 6TH FLOOR,ALBANY,NY
- Contact person: OWEN BURNS
- Phone: (518) 694-8578
Plan General Information
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Total Retirement Plan Assets
At the end of 2018, the total retirement plan assets of NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN is $21,059,571.00.This plan was established in 1983.
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2018, the total number of retirement plan participants in NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN is 167
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Average Participant Retirement Account Value
In 2018, the average participant retirement account value for NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN is $126,105.00
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Estimated Average Employee Contribution Amount
In 2018, the estimated average employee contribution amount per participant for NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN is $9,424.00.
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Estimated Average Employer Match
In 2018, the estimated average employer match for an employee in NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN is approximately $5,172.00
Investing in this additonal $5,172.00 for 20 years would give you extra $331,021.00, assuming a 10% annual return.
Investing in this additonal $5,172.00 for 20 years would give you extra $331,021.00, assuming a 10% annual return.
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Total Employer Contribution and Match Rate
In 2018, NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN allocates $863,758.00 to match its employees' contributions, providing an employer match rate of 109.76% of their contributions
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2018, the total retirement plan asset growth rate of NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN is 1.05%.
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2018, the estimated aggregate retirement account investment gain/loss for NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN is -4.42%. This measures the effectiveness of the plan participants' investments in the year.
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN Expense Ratio
In 2018, the investment and administrative expense ratio of NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 401(K) PLAN is 0.16%.
Enrollment Features
NY BUSINESS DEVELOPMENT CORPORATION EMPLOYEES SALARY REDUCTION 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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