PAYFONE 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 245 5TH AVE FL 20,,NEW YORK,NY
- Contact person: TOM FITZSIMMONS
- Phone: (212) 614-6927
Plan General Information
PAYFONE 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of PAYFONE 401(K) PROFIT SHARING PLAN is $11,290,716.00.This plan was established in 2008.
PAYFONE 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in PAYFONE 401(K) PROFIT SHARING PLAN is 279
PAYFONE 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for PAYFONE 401(K) PROFIT SHARING PLAN is $40,468.00
PAYFONE 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for PAYFONE 401(K) PROFIT SHARING PLAN is $13,214.00.
PAYFONE 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in PAYFONE 401(K) PROFIT SHARING PLAN is approximately $4,889.00
Investing in this additonal $4,889.00 for 20 years would give you extra $312,959.00, assuming a 10% annual return.
Investing in this additonal $4,889.00 for 20 years would give you extra $312,959.00, assuming a 10% annual return.
PAYFONE 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2022, PAYFONE 401(K) PROFIT SHARING PLAN allocates $1,364,308.00 to match its employees' contributions, providing an employer match rate of 48.13% of their contributions
PAYFONE 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of PAYFONE 401(K) PROFIT SHARING PLAN is 25.72%.
PAYFONE 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for PAYFONE 401(K) PROFIT SHARING PLAN is -16.59%. This measures the effectiveness of the plan participants' investments in the year.
PAYFONE 401(K) PROFIT SHARING PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of PAYFONE 401(K) PROFIT SHARING PLAN is 0.65%.
Enrollment Features
PAYFONE 401(K) PROFIT SHARING 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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