SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN

Plan Contact

  • Address: 913 ALBANY STREET,SCHENECTADY,NY
  • Contact person: REBECCA GALICK
  • Phone: (518) 374-9181

Plan General Information

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN is $4,041,389.00.This plan was established in 2001.

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN is 200

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN is $20,206.00

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN is $869.00.

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN is approximately $977.00
Investing in this additonal $977.00 for 20 years would give you extra $62,570.00, assuming a 10% annual return.

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Total Employer Contribution and Match Rate

In 2023, SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN allocates $195,534.00 to match its employees' contributions, providing an employer match rate of 119.02% of their contributions

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN is 5.49%.

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN is 13.73%. This measures the effectiveness of the plan participants' investments in the year.

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC PLAN is 0.22%.

Enrollment Features

SCHENECTADY COMMUNITY ACTION PROGRAM, INC. 403(B) DC 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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