LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST
Overview
Plan Contact
- Address: 1600 STEWART AVE STE 300,WESTBURY,NY
- Contact person: SAVITREE PESTANO
- Phone: (516) 546-4201
Plan General Information
At the end of 2022, the total retirement plan assets of LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST is $10,115,091.This plan was established in 2015.
At the end of 2022, the total number of retirement plan participants in LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST is 356
In 2022, the average participant retirement account value for LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST is $28,413
In 2022, the estimated average employee contribution amount per participant for LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST is $3,928
In 2022, the estimated average employer match for an employee in LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST is approximately $1,988
In 2022, LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST allocates $707,742 to match its employees’ contributions, providing an employer match rate of 52.91% of their contributions
In 2022, the total retirement plan asset growth rate of LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST is -9.32%
In 2022, the estimated aggregate retirement account investment gain/loss for LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST is -19.25%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST is 0.59%.
Enrollment Features
LONG ISLAND FQHC INC. 401(K) PROFIT SHARING PLAN AND TRUST 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.