NAVAL SYSTEMS,INC 401(K) PLAN
Overview
Plan Contact
- Address: 21491 GREAT MILLS ROAD,,LEXINGTON PARK,MD
- Contact person: MARCIA CHASE
- Phone: (301) 737-1911
Plan General Information
At the end of 2021, the total retirement plan assets of NAVAL SYSTEMS,INC 401(K) PLAN is $13,860,263.This plan was established in 2022.
At the end of 2021, the total number of retirement plan participants in NAVAL SYSTEMS,INC 401(K) PLAN is 356
In 2021, the average participant retirement account value for NAVAL SYSTEMS,INC 401(K) PLAN is $38,933
In 2021, the estimated average employee contribution amount per participant for NAVAL SYSTEMS,INC 401(K) PLAN is $5,298
In 2021, the estimated average employer match for an employee in NAVAL SYSTEMS,INC 401(K) PLAN is approximately $1,910
In 2021, NAVAL SYSTEMS,INC 401(K) PLAN allocates $680,011 to match its employees’ contributions, providing an employer match rate of 36.05% of their contributions
In 2021, the total retirement plan asset growth rate of NAVAL SYSTEMS,INC 401(K) PLAN is 33.59%
In 2021, the estimated aggregate retirement account investment gain/loss for NAVAL SYSTEMS,INC 401(K) PLAN is 12.73%. This measures the effectiveness of the plan participants’ investments in the year.
In 2021, the investment and administrative expense ratio of NAVAL SYSTEMS,INC 401(K) PLAN is 0.76%.
Enrollment Features
NAVAL SYSTEMS,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.