YANG MING (AMERICA) CORPORATION 401(K) PLAN
Overview
Plan Contact
- Address: ONE NEWARK CENTER,,,NEWARK,NJ
- Contact person: NORMAN CHOI
- Phone: (201) 222-8899
Plan General Information
At the end of 2022, the total retirement plan assets of YANG MING (AMERICA) CORPORATION 401(K) PLAN is $104,201,367.This plan was established in 1990.
At the end of 2022, the total number of retirement plan participants in YANG MING (AMERICA) CORPORATION 401(K) PLAN is 352
In 2022, the average participant retirement account value for YANG MING (AMERICA) CORPORATION 401(K) PLAN is $296,026
In 2022, the estimated average employee contribution amount per participant for YANG MING (AMERICA) CORPORATION 401(K) PLAN is $6,361
In 2022, the estimated average employer match for an employee in YANG MING (AMERICA) CORPORATION 401(K) PLAN is approximately $4,338
In 2022, YANG MING (AMERICA) CORPORATION 401(K) PLAN allocates $1,527,075 to match its employees’ contributions, providing an employer match rate of 68.48% of their contributions
In 2022, the total retirement plan asset growth rate of YANG MING (AMERICA) CORPORATION 401(K) PLAN is -14.22%
In 2022, the estimated aggregate retirement account investment gain/loss for YANG MING (AMERICA) CORPORATION 401(K) PLAN is -14.66%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of YANG MING (AMERICA) CORPORATION 401(K) PLAN is 0.00%.
Enrollment Features
YANG MING (AMERICA) CORPORATION 401(K) 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.