PAYTECH, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of PAYTECH, INC. 401(K) PLAN is $9,398,626.This plan was established in 2000.

At the end of 2022, the total number of retirement plan participants in PAYTECH, INC. 401(K) PLAN is 164

In 2022, the average participant retirement account value for PAYTECH, INC. 401(K) PLAN is $57,308

In 2022, the estimated average employee contribution amount per participant for PAYTECH, INC. 401(K) PLAN is $5,663

In 2022, the estimated average employer match for an employee in PAYTECH, INC. 401(K) PLAN is approximately $2,003

In 2022, PAYTECH, INC. 401(K) PLAN allocates $328,623 to match its employees’ contributions, providing an employer match rate of 34.44% of their contributions

In 2022, the total retirement plan asset growth rate of PAYTECH, INC. 401(K) PLAN is -14.59%

In 2022, the estimated aggregate retirement account investment gain/loss for PAYTECH, INC. 401(K) PLAN is -16.93%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PAYTECH, INC. 401(K) PLAN is 0.52%.

Enrollment Features

PAYTECH, 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.