SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN

Plan Contact

  • Address: 95 PINE STREET FLOOR 6,NEW YORK,NY
  • Contact person: SARAH WILSON
  • Phone: (347) 685-5489

Plan General Information

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN is $99,607,178.00.This plan was established in 2010.

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN is 4689

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN is $21,242.00

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN is $3,689.00.

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN is approximately $1,149.00
Investing in this additonal $1,149.00 for 20 years would give you extra $73,584.00, assuming a 10% annual return.

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN allocates $5,391,229.00 to match its employees' contributions, providing an employer match rate of 62.33% of their contributions

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN is 20.31%.

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN is 14.52%. This measures the effectiveness of the plan participants' investments in the year.

SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SUCCESS ACADEMY CHARTER SCHOOLS RETIREMENT PLAN is 0.04%.

Enrollment Features

SUCCESS ACADEMY CHARTER SCHOOLS 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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