LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II
Overview
Plan Contact
- Address: 333 EARLE OVINGTON BLVD, SUITE 403,UNIONDALE,NY
- Contact person: STEPHANIE OLEXSON
- Phone: (973) 430-7000
Plan General Information
At the end of 2022, the total retirement plan assets of LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II is $309,364,261.This plan was established in 2014.
At the end of 2022, the total number of retirement plan participants in LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II is 1692
In 2022, the average participant retirement account value for LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II is $182,839
In 2022, the estimated average employee contribution amount per participant for LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II is $11,847
In 2022, the estimated average employer match for an employee in LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II is approximately $10
In 2022, LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II allocates $18,249 to match its employees’ contributions, providing an employer match rate of 0.09% of their contributions
In 2022, the total retirement plan asset growth rate of LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II is -13.93%
In 2022, the estimated aggregate retirement account investment gain/loss for LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II is -14.32%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II is 0.04%.
Enrollment Features
LONG ISLAND ELECTRIC UTILITY SERVCO LLC INCENTIVE THRIFT PLAN II 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.