SOUND HOSPITALITY 401K PLAN
Plan Contact
- Address: 3850 BIRD ROAD,,MIAMI,FL
- Contact person: ELVIS SHARPE
- Phone: (305) 448-2898
Plan General Information
SOUND HOSPITALITY 401K PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of SOUND HOSPITALITY 401K PLAN is $1,095,169.00.This plan was established in 1998.
SOUND HOSPITALITY 401K PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in SOUND HOSPITALITY 401K PLAN is 137
SOUND HOSPITALITY 401K PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for SOUND HOSPITALITY 401K PLAN is $7,993.00
SOUND HOSPITALITY 401K PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for SOUND HOSPITALITY 401K PLAN is $671.00.
SOUND HOSPITALITY 401K PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in SOUND HOSPITALITY 401K PLAN is approximately $60.00
Investing in this additonal $60.00 for 20 years would give you extra $3,903.00, assuming a 10% annual return.
Investing in this additonal $60.00 for 20 years would give you extra $3,903.00, assuming a 10% annual return.
SOUND HOSPITALITY 401K PLAN Total Employer Contribution and Match Rate
In 2022, SOUND HOSPITALITY 401K PLAN allocates $8,355.00 to match its employees' contributions, providing an employer match rate of 7.85% of their contributions
SOUND HOSPITALITY 401K PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of SOUND HOSPITALITY 401K PLAN is -66.80%.
SOUND HOSPITALITY 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for SOUND HOSPITALITY 401K PLAN is -16.64%. This measures the effectiveness of the plan participants' investments in the year.
SOUND HOSPITALITY 401K PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of SOUND HOSPITALITY 401K PLAN is 0.42%.
Enrollment Features
SOUND HOSPITALITY 401K 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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