LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN is $2,424,238.This plan was established in 2021.

At the end of 2022, the total number of retirement plan participants in LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN is 214

In 2022, the average participant retirement account value for LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN is $11,328

In 2022, the estimated average employee contribution amount per participant for LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN is $4,869

In 2022, the estimated average employer match for an employee in LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN is approximately $892

In 2022, LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN allocates $190,975 to match its employees’ contributions, providing an employer match rate of 36.65% of their contributions

In 2022, the total retirement plan asset growth rate of LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN is 28.30%

In 2022, the estimated aggregate retirement account investment gain/loss for LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN is -15.67%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN is 0.84%.

Enrollment Features

LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT 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.