AEROSTAR SAVINGS & RETIREMEN PLAN

Overview

Plan Contact

  • Address: PO BOX 38085,SAN JUAN,PR
  • Contact person: NORMA GONZALEZ
  • Phone: (787) 289-7240

Plan General Information


At the end of 2022, the total retirement plan assets of AEROSTAR SAVINGS & RETIREMEN PLAN is $4,831,675.This plan was established in 2013.

At the end of 2022, the total number of retirement plan participants in AEROSTAR SAVINGS & RETIREMEN PLAN is 273

In 2022, the average participant retirement account value for AEROSTAR SAVINGS & RETIREMEN PLAN is $17,698

In 2022, the estimated average employee contribution amount per participant for AEROSTAR SAVINGS & RETIREMEN PLAN is $1,623

In 2022, the estimated average employer match for an employee in AEROSTAR SAVINGS & RETIREMEN PLAN is approximately $1,286

In 2022, AEROSTAR SAVINGS & RETIREMEN PLAN allocates $351,198 to match its employees’ contributions, providing an employer match rate of 78.67% of their contributions

In 2022, the total retirement plan asset growth rate of AEROSTAR SAVINGS & RETIREMEN PLAN is -15.74%

In 2022, the estimated aggregate retirement account investment gain/loss for AEROSTAR SAVINGS & RETIREMEN PLAN is -18.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AEROSTAR SAVINGS & RETIREMEN PLAN is 0.94%.

Enrollment Features

AEROSTAR SAVINGS & RETIREMEN 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.