ZAPP USA 401(K) PROFIT SHARING PLAN

Overview

Plan Contact

  • Address: 266 SAMUEL BARNET BLVD.,DARTMOUTH,MA
  • Contact person: ROBERT MICHELETTI
  • Phone: (508) 998-6300

Plan General Information


At the end of 2022, the total retirement plan assets of ZAPP USA 401(K) PROFIT SHARING PLAN is $13,621,758.This plan was established in 1996.

At the end of 2022, the total number of retirement plan participants in ZAPP USA 401(K) PROFIT SHARING PLAN is 170

In 2022, the average participant retirement account value for ZAPP USA 401(K) PROFIT SHARING PLAN is $80,127

In 2022, the estimated average employee contribution amount per participant for ZAPP USA 401(K) PROFIT SHARING PLAN is $5,166

In 2022, the estimated average employer match for an employee in ZAPP USA 401(K) PROFIT SHARING PLAN is approximately $2,222

In 2022, ZAPP USA 401(K) PROFIT SHARING PLAN allocates $377,754 to match its employees’ contributions, providing an employer match rate of 40.96% of their contributions

In 2022, the total retirement plan asset growth rate of ZAPP USA 401(K) PROFIT SHARING PLAN is -21.06%

In 2022, the estimated aggregate retirement account investment gain/loss for ZAPP USA 401(K) PROFIT SHARING PLAN is -16.73%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ZAPP USA 401(K) PROFIT SHARING PLAN is 0.09%.

Enrollment Features

ZAPP USA 401(K) PROFIT SHARING 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.