MAK TECHNOLOGIES 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is $20,269,686.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is 115

In 2022, the average participant retirement account value for MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is $176,258

In 2022, the estimated average employee contribution amount per participant for MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is $7,056

In 2022, the estimated average employer match for an employee in MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is approximately $2,429

In 2022, MAK TECHNOLOGIES 401(K) RETIREMENT PLAN allocates $279,349 to match its employees’ contributions, providing an employer match rate of 31.05% of their contributions

In 2022, the total retirement plan asset growth rate of MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is -27.87%

In 2022, the estimated aggregate retirement account investment gain/loss for MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is -21.76%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is 0.30%.

Enrollment Features

MAK TECHNOLOGIES 401(K) RETIREMENT PLAN has the following features:
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.