PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK
Plan Contact
- Address: 546 FIFTH AVENUE,NEW YORK,NY
- Contact person: JACKELYN SERRANO
- Phone: (212) 704-5500
Plan General Information
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK is $75,832,939.00.This plan was established in 1987.
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK is 589
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK is $128,748.00
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK is $6,653.00.
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK is approximately $4,293.00
Investing in this additonal $4,293.00 for 20 years would give you extra $274,780.00, assuming a 10% annual return.
Investing in this additonal $4,293.00 for 20 years would give you extra $274,780.00, assuming a 10% annual return.
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Total Employer Contribution and Match Rate
In 2023, PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK allocates $2,528,838.00 to match its employees' contributions, providing an employer match rate of 67.03% of their contributions
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK is 28.35%.
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK is 22.39%. This measures the effectiveness of the plan participants' investments in the year.
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK Expense Ratio
In 2023, the investment and administrative expense ratio of PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK is 0.05%.
Enrollment Features
PROFIT SHARING & 401(K) PLAN OF SAFRA NATIONAL BANK OF NEW YORK 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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