VALIDATEK RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of VALIDATEK RETIREMENT SAVINGS PLAN is $16,391,494.This plan was established in 2008.

At the end of 2022, the total number of retirement plan participants in VALIDATEK RETIREMENT SAVINGS PLAN is 374

In 2022, the average participant retirement account value for VALIDATEK RETIREMENT SAVINGS PLAN is $43,827

In 2022, the estimated average employee contribution amount per participant for VALIDATEK RETIREMENT SAVINGS PLAN is $6,675

In 2022, the estimated average employer match for an employee in VALIDATEK RETIREMENT SAVINGS PLAN is approximately $2,391

In 2022, VALIDATEK RETIREMENT SAVINGS PLAN allocates $894,335 to match its employees’ contributions, providing an employer match rate of 39.64% of their contributions

In 2022, the total retirement plan asset growth rate of VALIDATEK RETIREMENT SAVINGS PLAN is -8.90%

In 2022, the estimated aggregate retirement account investment gain/loss for VALIDATEK RETIREMENT SAVINGS PLAN is -17.94%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of VALIDATEK RETIREMENT SAVINGS PLAN is 0.05%.

Enrollment Features

VALIDATEK RETIREMENT SAVINGS 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.