PARATA SYSTEMS, LLC 401(K) PLAN

At the end of 2022, the total retirement plan assets of PARATA SYSTEMS, LLC 401(K) PLAN is $33,654,432.This plan was established in 2004.

At the end of 2022, the total number of retirement plan participants in PARATA SYSTEMS, LLC 401(K) PLAN is 602

In 2022, the average participant retirement account value for PARATA SYSTEMS, LLC 401(K) PLAN is $55,904

In 2022, the estimated average employee contribution amount per participant for PARATA SYSTEMS, LLC 401(K) PLAN is $7,092

In 2022, the estimated average employer match for an employee in PARATA SYSTEMS, LLC 401(K) PLAN is approximately $937

In 2022, PARATA SYSTEMS, LLC 401(K) PLAN allocates $564,288 to match its employees’ contributions, providing an employer match rate of 13.88% of their contributions

In 2022, the total retirement plan asset growth rate of PARATA SYSTEMS, LLC 401(K) PLAN is -10.19%

In 2022, the estimated aggregate retirement account investment gain/loss for PARATA SYSTEMS, LLC 401(K) PLAN is -16.59%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PARATA SYSTEMS, LLC 401(K) PLAN is 0.36%.

Enrollment Features

PARATA SYSTEMS, LLC 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.