PROJECT HOPE EMPLOYEES RETIREMENT PLAN
Plan Contact
- Address: 1220 19TH STREET NW,,WASHINGTON,DC
- Contact person: MARIO JABBOUR
- Phone: (202) 408-6800
Plan General Information
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PROJECT HOPE EMPLOYEES RETIREMENT PLAN is $29,172,548.00.This plan was established in 2008.
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PROJECT HOPE EMPLOYEES RETIREMENT PLAN is 299
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PROJECT HOPE EMPLOYEES RETIREMENT PLAN is $97,567.00
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PROJECT HOPE EMPLOYEES RETIREMENT PLAN is $7,360.00.
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PROJECT HOPE EMPLOYEES RETIREMENT PLAN is approximately $4,416.00
Investing in this additonal $4,416.00 for 20 years would give you extra $282,649.00, assuming a 10% annual return.
Investing in this additonal $4,416.00 for 20 years would give you extra $282,649.00, assuming a 10% annual return.
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, PROJECT HOPE EMPLOYEES RETIREMENT PLAN allocates $1,320,505.00 to match its employees' contributions, providing an employer match rate of 70.08% of their contributions
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PROJECT HOPE EMPLOYEES RETIREMENT PLAN is 28.94%.
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PROJECT HOPE EMPLOYEES RETIREMENT PLAN is 16.62%. This measures the effectiveness of the plan participants' investments in the year.
PROJECT HOPE EMPLOYEES RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PROJECT HOPE EMPLOYEES RETIREMENT PLAN is 0.30%.
Enrollment Features
PROJECT HOPE EMPLOYEES RETIREMENT 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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