PROMISE HOUSE, INC. 401(K) PLAN

Plan Contact

  • Address: 224 WEST PAGE AVENUE,DALLAS,TX
  • Contact person: DEB GILLIAM
  • Phone: (214) 941-8578

Plan General Information

PROMISE HOUSE, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of PROMISE HOUSE, INC. 401(K) PLAN is $659,179.00.This plan was established in 2007.

PROMISE HOUSE, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in PROMISE HOUSE, INC. 401(K) PLAN is 121

PROMISE HOUSE, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for PROMISE HOUSE, INC. 401(K) PLAN is $5,447.00

PROMISE HOUSE, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for PROMISE HOUSE, INC. 401(K) PLAN is $619.00.

PROMISE HOUSE, INC. 401(K) PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in PROMISE HOUSE, INC. 401(K) PLAN is approximately $359.00
Investing in this additonal $359.00 for 20 years would give you extra $23,033.00, assuming a 10% annual return.

PROMISE HOUSE, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2022, PROMISE HOUSE, INC. 401(K) PLAN allocates $43,548.00 to match its employees' contributions, providing an employer match rate of 52.62% of their contributions

PROMISE HOUSE, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of PROMISE HOUSE, INC. 401(K) PLAN is -31.58%.

PROMISE HOUSE, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for PROMISE HOUSE, INC. 401(K) PLAN is -17.38%. This measures the effectiveness of the plan participants' investments in the year.

PROMISE HOUSE, INC. 401(K) PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of PROMISE HOUSE, INC. 401(K) PLAN is 1.48%.

Enrollment Features

PROMISE HOUSE, 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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