ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN is $16,307,969.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN is 174

In 2022, the average participant retirement account value for ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN is $93,723

In 2022, the estimated average employee contribution amount per participant for ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN is $9,883

In 2022, the estimated average employer match for an employee in ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN is approximately $4,184

In 2022, ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN allocates $728,048 to match its employees’ contributions, providing an employer match rate of 43.59% of their contributions

In 2022, the total retirement plan asset growth rate of ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN is -8.17%

In 2022, the estimated aggregate retirement account investment gain/loss for ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN is -18.45%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING PLAN is 0.01%.

Enrollment Features

ABBYY USA SOFTWARE HOUSE, INC. 401(K) PROFIT SHARING 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.