LOGICGATE, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOGICGATE, INC. 401(K) PLAN is $8,021,686.This plan was established in 2018.

At the end of 2022, the total number of retirement plan participants in LOGICGATE, INC. 401(K) PLAN is 239

In 2022, the average participant retirement account value for LOGICGATE, INC. 401(K) PLAN is $33,563

In 2022, the estimated average employee contribution amount per participant for LOGICGATE, INC. 401(K) PLAN is $11,775

In 2022, the estimated average employer match for an employee in LOGICGATE, INC. 401(K) PLAN is approximately $1,541

In 2022, LOGICGATE, INC. 401(K) PLAN allocates $368,357 to match its employees’ contributions, providing an employer match rate of 15.72% of their contributions

In 2022, the total retirement plan asset growth rate of LOGICGATE, INC. 401(K) PLAN is 29.20%

In 2022, the estimated aggregate retirement account investment gain/loss for LOGICGATE, INC. 401(K) PLAN is -14.75%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOGICGATE, INC. 401(K) PLAN is 0.08%.

Enrollment Features

LOGICGATE, 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.