MAGSEIS FAIRFIELD 401(K) PLAN
Overview
Plan Contact
- Address: 9811 KATY FREEWAY,,HOUSTON,TX
- Contact person: SHERRY FLIPPIN
- Phone: (281) 275-7503
Plan General Information
At the end of 2022, the total retirement plan assets of MAGSEIS FAIRFIELD 401(K) PLAN is $27,862,341.This plan was established in 2020.
At the end of 2022, the total number of retirement plan participants in MAGSEIS FAIRFIELD 401(K) PLAN is 173
In 2022, the average participant retirement account value for MAGSEIS FAIRFIELD 401(K) PLAN is $161,053
In 2022, the estimated average employee contribution amount per participant for MAGSEIS FAIRFIELD 401(K) PLAN is $7,844
In 2022, the estimated average employer match for an employee in MAGSEIS FAIRFIELD 401(K) PLAN is approximately $4,757
In 2022, MAGSEIS FAIRFIELD 401(K) PLAN allocates $822,966 to match its employees’ contributions, providing an employer match rate of 58.28% of their contributions
In 2022, the total retirement plan asset growth rate of MAGSEIS FAIRFIELD 401(K) PLAN is -10.12%
In 2022, the estimated aggregate retirement account investment gain/loss for MAGSEIS FAIRFIELD 401(K) PLAN is -14.64%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of MAGSEIS FAIRFIELD 401(K) PLAN is 0.05%.
Enrollment Features
MAGSEIS FAIRFIELD 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.