SAAMA TECHNOLOGIES, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of SAAMA TECHNOLOGIES, INC. 401(K) PLAN is $25,789,659.This plan was established in 1998.

At the end of 2022, the total number of retirement plan participants in SAAMA TECHNOLOGIES, INC. 401(K) PLAN is 351

In 2022, the average participant retirement account value for SAAMA TECHNOLOGIES, INC. 401(K) PLAN is $73,474

In 2022, the estimated average employee contribution amount per participant for SAAMA TECHNOLOGIES, INC. 401(K) PLAN is $6,699

In 2022, the estimated average employer match for an employee in SAAMA TECHNOLOGIES, INC. 401(K) PLAN is approximately $2,229

In 2022, SAAMA TECHNOLOGIES, INC. 401(K) PLAN allocates $782,495 to match its employees’ contributions, providing an employer match rate of 32.95% of their contributions

In 2022, the total retirement plan asset growth rate of SAAMA TECHNOLOGIES, INC. 401(K) PLAN is -13.41%

In 2022, the estimated aggregate retirement account investment gain/loss for SAAMA TECHNOLOGIES, INC. 401(K) PLAN is -18.60%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of SAAMA TECHNOLOGIES, INC. 401(K) PLAN is 0.03%.

Enrollment Features

SAAMA TECHNOLOGIES, INC. 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.
    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.