403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION

At the end of 2022, the total retirement plan assets of 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION is $8,212,325.This plan was established in 2009.

At the end of 2022, the total number of retirement plan participants in 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION is 392

In 2022, the average participant retirement account value for 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION is $20,949

In 2022, the estimated average employee contribution amount per participant for 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION is $583

In 2022, the estimated average employer match for an employee in 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION is approximately $653

In 2022, 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION allocates $256,367 to match its employees’ contributions, providing an employer match rate of 108.98% of their contributions

In 2022, the total retirement plan asset growth rate of 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION is -10.02%

In 2022, the estimated aggregate retirement account investment gain/loss for 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION is -13.63%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of 403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION is 0.03%.

Enrollment Features

403(B) THRIFT PLAN OF YOUNGSTOWN AREA JEWISH FEDERATION 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.