AXIS COMMUNICATIONS, INC. 401(K) PLAN

At the end of 2021, the total retirement plan assets of AXIS COMMUNICATIONS, INC. 401(K) PLAN is $42,735,365.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in AXIS COMMUNICATIONS, INC. 401(K) PLAN is 509

In 2021, the average participant retirement account value for AXIS COMMUNICATIONS, INC. 401(K) PLAN is $83,959

In 2021, the estimated average employee contribution amount per participant for AXIS COMMUNICATIONS, INC. 401(K) PLAN is $6,493

In 2021, the estimated average employer match for an employee in AXIS COMMUNICATIONS, INC. 401(K) PLAN is approximately $2,521

In 2021, AXIS COMMUNICATIONS, INC. 401(K) PLAN allocates $1,283,474 to match its employees’ contributions, providing an employer match rate of 38.83% of their contributions

In 2021, the total retirement plan asset growth rate of AXIS COMMUNICATIONS, INC. 401(K) PLAN is 24.94%

In 2021, the estimated aggregate retirement account investment gain/loss for AXIS COMMUNICATIONS, INC. 401(K) PLAN is 14.92%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of AXIS COMMUNICATIONS, INC. 401(K) PLAN is 0.20%.

Enrollment Features

AXIS COMMUNICATIONS, INC. 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.