SPECTRUM OF HOPE RETIREMENT PLAN
Plan Contact
- Address: 11820 CYPRESS CORNER LANE,HOUSTON,TX
- Contact person: ERISA FIDUCIARY SERVICES
- Phone: (281) 894-1423
Plan General Information
SPECTRUM OF HOPE RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of SPECTRUM OF HOPE RETIREMENT PLAN is $650,653.00.This plan was established in 2020.
SPECTRUM OF HOPE RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in SPECTRUM OF HOPE RETIREMENT PLAN is 484
SPECTRUM OF HOPE RETIREMENT PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for SPECTRUM OF HOPE RETIREMENT PLAN is $1,344.00
SPECTRUM OF HOPE RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for SPECTRUM OF HOPE RETIREMENT PLAN is $1,381.00.
SPECTRUM OF HOPE RETIREMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in SPECTRUM OF HOPE RETIREMENT PLAN is approximately $17.00
Investing in this additonal $17.00 for 20 years would give you extra $1,138.00, assuming a 10% annual return.
Investing in this additonal $17.00 for 20 years would give you extra $1,138.00, assuming a 10% annual return.
SPECTRUM OF HOPE RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2022, SPECTRUM OF HOPE RETIREMENT PLAN allocates $8,610.00 to match its employees' contributions, providing an employer match rate of 1.77% of their contributions
SPECTRUM OF HOPE RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of SPECTRUM OF HOPE RETIREMENT PLAN is 120.14%.
SPECTRUM OF HOPE RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for SPECTRUM OF HOPE RETIREMENT PLAN is -5.84%. This measures the effectiveness of the plan participants' investments in the year.
SPECTRUM OF HOPE RETIREMENT PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of SPECTRUM OF HOPE RETIREMENT PLAN is 3.51%.
Enrollment Features
SPECTRUM OF HOPE 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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