AUDIOLOGY BENEFITS 401(K) PLAN I

Overview

Plan Contact

  • Address: 580 HOWARD AVENUE,SOMERSET,NJ
  • Contact person: DEANNA LAZOUSKAS-BAAMOND
  • Phone: (732) 560-1220

Plan General Information


At the end of 2022, the total retirement plan assets of AUDIOLOGY BENEFITS 401(K) PLAN I is $146,379,701.This plan was established in 1979.

At the end of 2022, the total number of retirement plan participants in AUDIOLOGY BENEFITS 401(K) PLAN I is 3334

In 2022, the average participant retirement account value for AUDIOLOGY BENEFITS 401(K) PLAN I is $43,905

In 2022, the estimated average employee contribution amount per participant for AUDIOLOGY BENEFITS 401(K) PLAN I is $4,245

In 2022, the estimated average employer match for an employee in AUDIOLOGY BENEFITS 401(K) PLAN I is approximately $1,351

In 2022, AUDIOLOGY BENEFITS 401(K) PLAN I allocates $4,505,712 to match its employees’ contributions, providing an employer match rate of 32.92% of their contributions

In 2022, the total retirement plan asset growth rate of AUDIOLOGY BENEFITS 401(K) PLAN I is -15.18%

In 2022, the estimated aggregate retirement account investment gain/loss for AUDIOLOGY BENEFITS 401(K) PLAN I is -16.15%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AUDIOLOGY BENEFITS 401(K) PLAN I is 0.13%.

Enrollment Features

AUDIOLOGY BENEFITS 401(K) PLAN I 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.