VARIQ CORPORATION 401(K) PLAN

At the end of 2022, the total retirement plan assets of VARIQ CORPORATION 401(K) PLAN is $11,397,564.This plan was established in 2013.

At the end of 2022, the total number of retirement plan participants in VARIQ CORPORATION 401(K) PLAN is 403

In 2022, the average participant retirement account value for VARIQ CORPORATION 401(K) PLAN is $28,281

In 2022, the estimated average employee contribution amount per participant for VARIQ CORPORATION 401(K) PLAN is $2,826

In 2022, the estimated average employer match for an employee in VARIQ CORPORATION 401(K) PLAN is approximately $1,142

In 2022, VARIQ CORPORATION 401(K) PLAN allocates $460,545 to match its employees’ contributions, providing an employer match rate of 41.20% of their contributions

In 2022, the total retirement plan asset growth rate of VARIQ CORPORATION 401(K) PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for VARIQ CORPORATION 401(K) PLAN is 121.02%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of VARIQ CORPORATION 401(K) PLAN is 0.35%.

Enrollment Features

VARIQ CORPORATION 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.