RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 350 COMMERCE DRIVE,FALL RIVER,MA
- Contact person: ERISA FIDUCIARY SERVICES, INC
- Phone: (774) 365-6103
Plan General Information
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST is $17,868,768.00.This plan was established in 2000.
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST is 184
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST is $97,112.00
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST is $4,638.00.
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST is approximately $474.00
Investing in this additonal $474.00 for 20 years would give you extra $30,336.00, assuming a 10% annual return.
Investing in this additonal $474.00 for 20 years would give you extra $30,336.00, assuming a 10% annual return.
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST allocates $87,216.00 to match its employees' contributions, providing an employer match rate of 10.16% of their contributions
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST is 20.52%.
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST is 16.40%. This measures the effectiveness of the plan participants' investments in the year.
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST is 0.12%.
Enrollment Features
RHODE ISLAND NOVELTY 401(K) PROFIT SHARING PLAN & TRUST 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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