ASCENTEC ENGINEERING 401(K) PLAN

At the end of 2022, the total retirement plan assets of ASCENTEC ENGINEERING 401(K) PLAN is $6,986,934.This plan was established in 2016.

At the end of 2022, the total number of retirement plan participants in ASCENTEC ENGINEERING 401(K) PLAN is 344

In 2022, the average participant retirement account value for ASCENTEC ENGINEERING 401(K) PLAN is $20,310

In 2022, the estimated average employee contribution amount per participant for ASCENTEC ENGINEERING 401(K) PLAN is $2,140

In 2022, the estimated average employer match for an employee in ASCENTEC ENGINEERING 401(K) PLAN is approximately $956

In 2022, ASCENTEC ENGINEERING 401(K) PLAN allocates $328,981 to match its employees’ contributions, providing an employer match rate of 46.65% of their contributions

In 2022, the total retirement plan asset growth rate of ASCENTEC ENGINEERING 401(K) PLAN is -7.11%

In 2022, the estimated aggregate retirement account investment gain/loss for ASCENTEC ENGINEERING 401(K) PLAN is -18.16%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ASCENTEC ENGINEERING 401(K) PLAN is 0.03%.

Enrollment Features

ASCENTEC ENGINEERING 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.