THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN
Plan Contact
- Address: 850 THIRD AVENUE, SUITE 15C,NEW YORK,NY
- Phone: (212) 991-6540
Plan General Information
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN is $12,849,038.00.This plan was established in 2000.
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN is 367
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN is $35,011.00
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN is $2,427.00.
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN is approximately $1,044.00
Investing in this additonal $1,044.00 for 20 years would give you extra $66,820.00, assuming a 10% annual return.
Investing in this additonal $1,044.00 for 20 years would give you extra $66,820.00, assuming a 10% annual return.
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN allocates $383,175.00 to match its employees' contributions, providing an employer match rate of 37.59% of their contributions
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN is -23.01%.
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN is -14.19%. This measures the effectiveness of the plan participants' investments in the year.
THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of THE OCTAVE MUSIC GROUP, INC. 401(K) PLAN is 0.12%.
Enrollment Features
THE OCTAVE MUSIC GROUP, INC. 401(K) 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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