ASCEND TECHNOLOGIES 401(K) PLAN

At the end of 2022, the total retirement plan assets of ASCEND TECHNOLOGIES 401(K) PLAN is $6,845,852.This plan was established in 2020.

At the end of 2022, the total number of retirement plan participants in ASCEND TECHNOLOGIES 401(K) PLAN is 333

In 2022, the average participant retirement account value for ASCEND TECHNOLOGIES 401(K) PLAN is $20,558

In 2022, the estimated average employee contribution amount per participant for ASCEND TECHNOLOGIES 401(K) PLAN is $6,741

In 2022, the estimated average employer match for an employee in ASCEND TECHNOLOGIES 401(K) PLAN is approximately $1,697

In 2022, ASCEND TECHNOLOGIES 401(K) PLAN allocates $565,429 to match its employees’ contributions, providing an employer match rate of 34.45% of their contributions

In 2022, the total retirement plan asset growth rate of ASCEND TECHNOLOGIES 401(K) PLAN is -11.69%

In 2022, the estimated aggregate retirement account investment gain/loss for ASCEND TECHNOLOGIES 401(K) PLAN is -21.78%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ASCEND TECHNOLOGIES 401(K) PLAN is 0.55%.

Enrollment Features

ASCEND TECHNOLOGIES 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.