LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN

At the end of 2021, the total retirement plan assets of LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN is $29,440,491.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN is 160

In 2021, the average participant retirement account value for LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN is $184,003

In 2021, the estimated average employee contribution amount per participant for LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN is $3,071

In 2021, the estimated average employer match for an employee in LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN is approximately $3,271

In 2021, LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN allocates $523,466 to match its employees’ contributions, providing an employer match rate of 106.50% of their contributions

In 2021, the total retirement plan asset growth rate of LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN is 17.46%

In 2021, the estimated aggregate retirement account investment gain/loss for LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN is 15.20%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS PLAN is 0.05%.

Enrollment Features

LONG ISLAND VITREORETINAL CONSULTANTS, P.C. 401(K) EMPLOYEE SAVINGS 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.