SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN
Plan Contact
- Address: 19 N 6TH STREET SUITE 300,READING,PA
- Contact person: MARY ANN KOWALONEK
- Phone: (610) 236-0530
Plan General Information
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN is $33,206,431.00.This plan was established in 1997.
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN is 1120
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN is $29,648.00
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN is $4,625.00.
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN is approximately $1,074.00
Investing in this additonal $1,074.00 for 20 years would give you extra $68,762.00, assuming a 10% annual return.
Investing in this additonal $1,074.00 for 20 years would give you extra $68,762.00, assuming a 10% annual return.
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN allocates $1,203,338.00 to match its employees' contributions, providing an employer match rate of 46.46% of their contributions
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN is 8.21%.
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN is 11.57%. This measures the effectiveness of the plan participants' investments in the year.
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN is 0.38%.
Enrollment Features
SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 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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