LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN is $4,901,388.This plan was established in 1988.

At the end of 2022, the total number of retirement plan participants in LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN is 160

In 2022, the average participant retirement account value for LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN is $30,633

In 2022, the estimated average employee contribution amount per participant for LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN is $743

In 2022, the estimated average employer match for an employee in LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN is approximately $576

In 2022, LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN allocates $92,272 to match its employees’ contributions, providing an employer match rate of 64.83% of their contributions

In 2022, the total retirement plan asset growth rate of LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN is -13.15%

In 2022, the estimated aggregate retirement account investment gain/loss for LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN is -11.30%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN is 0.58%.

Enrollment Features

LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT 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.