WAYFORTH 401(K) SAVING PLAN
Plan Contact
- Address: 2107 LOUMOUR AVE,RICHMOND,VA
- Contact person: VU TRAN
- Phone: (804) 993-4467
Plan General Information
WAYFORTH 401(K) SAVING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WAYFORTH 401(K) SAVING PLAN is $1,696,907.00.This plan was established in 2019.
WAYFORTH 401(K) SAVING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WAYFORTH 401(K) SAVING PLAN is 507
WAYFORTH 401(K) SAVING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WAYFORTH 401(K) SAVING PLAN is $3,346.00
WAYFORTH 401(K) SAVING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WAYFORTH 401(K) SAVING PLAN is $1,110.00.
WAYFORTH 401(K) SAVING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WAYFORTH 401(K) SAVING PLAN is approximately $456.00
Investing in this additonal $456.00 for 20 years would give you extra $29,229.00, assuming a 10% annual return.
Investing in this additonal $456.00 for 20 years would give you extra $29,229.00, assuming a 10% annual return.
WAYFORTH 401(K) SAVING PLAN Total Employer Contribution and Match Rate
In 2023, WAYFORTH 401(K) SAVING PLAN allocates $231,553.00 to match its employees' contributions, providing an employer match rate of 46.71% of their contributions
WAYFORTH 401(K) SAVING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WAYFORTH 401(K) SAVING PLAN is -32.69%.
WAYFORTH 401(K) SAVING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WAYFORTH 401(K) SAVING PLAN is 17.01%. This measures the effectiveness of the plan participants' investments in the year.
WAYFORTH 401(K) SAVING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WAYFORTH 401(K) SAVING PLAN is 3.56%.
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