ARROW STRATEGIES 401(K) PLAN
Overview
Plan Contact
- Address: 525 S. WASHINGTON AVE.,ROYAL OAK,MI
- Contact person: KIMBERLY KNAPP
- Phone: (248) 502-2506
Plan General Information
At the end of 2022, the total retirement plan assets of ARROW STRATEGIES 401(K) PLAN is $4,932,711.This plan was established in 2002.
At the end of 2022, the total number of retirement plan participants in ARROW STRATEGIES 401(K) PLAN is 675
In 2022, the average participant retirement account value for ARROW STRATEGIES 401(K) PLAN is $7,307
In 2022, the estimated average employee contribution amount per participant for ARROW STRATEGIES 401(K) PLAN is $855
In 2022, the estimated average employer match for an employee in ARROW STRATEGIES 401(K) PLAN is approximately $70
In 2022, ARROW STRATEGIES 401(K) PLAN allocates $47,510 to match its employees’ contributions, providing an employer match rate of 6.31% of their contributions
In 2022, the total retirement plan asset growth rate of ARROW STRATEGIES 401(K) PLAN is -10.61%
In 2022, the estimated aggregate retirement account investment gain/loss for ARROW STRATEGIES 401(K) PLAN is -16.80%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of ARROW STRATEGIES 401(K) PLAN is 0.84%.
Enrollment Features
ARROW STRATEGIES 401(K) PLAN 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.