THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN
Plan Contact
- Address: 65 HIGHLAND AVENUE, P.O. BOX 339,PEAPACK,NJ
- Contact person: ALLISON LIGORI
- Phone: (908) 234-0011
Plan General Information
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN is $45,705,700.00.This plan was established in 1993.
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN is 964
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN is $47,412.00
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN is $5,140.00.
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN is approximately $373.00
Investing in this additonal $373.00 for 20 years would give you extra $23,927.00, assuming a 10% annual return.
Investing in this additonal $373.00 for 20 years would give you extra $23,927.00, assuming a 10% annual return.
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN allocates $360,402.00 to match its employees' contributions, providing an employer match rate of 14.55% of their contributions
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN is 10.94%.
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN is 8.97%. This measures the effectiveness of the plan participants' investments in the year.
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN is 0.28%.
Enrollment Features
THE MATHENY SCHOOL AND HOSPITAL MATCHED SAVINGS RETIREMENT PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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