SHORELIGHT RETIREMENT PLAN
Plan Contact
- Address: WORLD TRADE CENTER EAST,,BOSTON,MA
- Contact person: TOM JOHNSTON
- Phone: (617) 869-2301
Plan General Information
SHORELIGHT RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SHORELIGHT RETIREMENT PLAN is $18,046,287.00.This plan was established in 2017.
SHORELIGHT RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SHORELIGHT RETIREMENT PLAN is 331
SHORELIGHT RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SHORELIGHT RETIREMENT PLAN is $54,520.00
SHORELIGHT RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SHORELIGHT RETIREMENT PLAN is $5,832.00.
SHORELIGHT RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SHORELIGHT RETIREMENT PLAN is approximately $2,107.00
Investing in this additonal $2,107.00 for 20 years would give you extra $134,861.00, assuming a 10% annual return.
Investing in this additonal $2,107.00 for 20 years would give you extra $134,861.00, assuming a 10% annual return.
SHORELIGHT RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, SHORELIGHT RETIREMENT PLAN allocates $697,488.00 to match its employees' contributions, providing an employer match rate of 32.90% of their contributions
SHORELIGHT RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SHORELIGHT RETIREMENT PLAN is 24.85%.
SHORELIGHT RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SHORELIGHT RETIREMENT PLAN is 18.69%. This measures the effectiveness of the plan participants' investments in the year.
SHORELIGHT RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SHORELIGHT RETIREMENT PLAN is 0.43%.
Enrollment Features
SHORELIGHT 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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