THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT
Plan Contact
- Address: 3311 STATE ROUTE 33,NEPTUNE,NJ
- Contact person: MICHELE KELLY
- Phone: (732) 922-9802
Plan General Information
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT is $21,282,483.00.This plan was established in 2003.
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT is 1150
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT is $18,506.00
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT is $1,638.00.
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT is approximately $634.00
Investing in this additonal $634.00 for 20 years would give you extra $40,591.00, assuming a 10% annual return.
Investing in this additonal $634.00 for 20 years would give you extra $40,591.00, assuming a 10% annual return.
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Total Employer Contribution and Match Rate
In 2023, THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT allocates $729,374.00 to match its employees' contributions, providing an employer match rate of 38.95% of their contributions
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT is 12.03%.
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT is 14.99%. This measures the effectiveness of the plan participants' investments in the year.
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT Expense Ratio
In 2023, the investment and administrative expense ratio of THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT is 0.58%.
Enrollment Features
THE UNITED METHODIST HOMES OF NEW JERSEY 403(B) SAVINGS AND RETIREMENT 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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