UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN
Overview
Plan Contact
- Address: 5981 AIRPORT RD,ORISKANY,NY
- Contact person: KYLE BURCH
- Phone: (315) 736-8211
Plan General Information
At the end of 2022, the total retirement plan assets of UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN is $18,996,806.This plan was established in 1985.
At the end of 2022, the total number of retirement plan participants in UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN is 133
In 2022, the average participant retirement account value for UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN is $142,833
In 2022, the estimated average employee contribution amount per participant for UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN is $6,429
In 2022, the estimated average employer match for an employee in UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN is approximately $5,122
In 2022, UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN allocates $681,317 to match its employees’ contributions, providing an employer match rate of 81.52% of their contributions
In 2022, the total retirement plan asset growth rate of UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN is -15.59%
In 2022, the estimated aggregate retirement account investment gain/loss for UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN is -15.69%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN is 0.57%.
Enrollment Features
UTICA FIRST INSURANCE COMPANY EMPLOYEES RETIREMENT & SAVINGS PLAN 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.