ACENTEK 401(K) PLAN

At the end of 2022, the total retirement plan assets of ACENTEK 401(K) PLAN is $29,128,668.This plan was established in 1986.

At the end of 2022, the total number of retirement plan participants in ACENTEK 401(K) PLAN is 156

In 2022, the average participant retirement account value for ACENTEK 401(K) PLAN is $186,722

In 2022, the estimated average employee contribution amount per participant for ACENTEK 401(K) PLAN is $5,843

In 2022, the estimated average employer match for an employee in ACENTEK 401(K) PLAN is approximately $5,325

In 2022, ACENTEK 401(K) PLAN allocates $830,763 to match its employees’ contributions, providing an employer match rate of 91.13% of their contributions

In 2022, the total retirement plan asset growth rate of ACENTEK 401(K) PLAN is -22.29%

In 2022, the estimated aggregate retirement account investment gain/loss for ACENTEK 401(K) PLAN is -17.02%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ACENTEK 401(K) PLAN is 0.00%.

Enrollment Features

ACENTEK 401(K) 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.