ALTEK COMPANY EMPLOYEES SAVINGS TRUST
Plan Contact
- Address: 89 COMMERCIAL BLVD,TORRINGTON,CT
- Contact person: MICHELLE HATTEYER
- Phone: (860) 496-3295
Plan General Information
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ALTEK COMPANY EMPLOYEES SAVINGS TRUST is $9,010,940.00.This plan was established in 2001.
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ALTEK COMPANY EMPLOYEES SAVINGS TRUST is 177
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ALTEK COMPANY EMPLOYEES SAVINGS TRUST is $50,909.00
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ALTEK COMPANY EMPLOYEES SAVINGS TRUST is $2,674.00.
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ALTEK COMPANY EMPLOYEES SAVINGS TRUST is approximately $1,435.00
Investing in this additonal $1,435.00 for 20 years would give you extra $91,870.00, assuming a 10% annual return.
Investing in this additonal $1,435.00 for 20 years would give you extra $91,870.00, assuming a 10% annual return.
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Total Employer Contribution and Match Rate
In 2023, ALTEK COMPANY EMPLOYEES SAVINGS TRUST allocates $254,080.00 to match its employees' contributions, providing an employer match rate of 50.54% of their contributions
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ALTEK COMPANY EMPLOYEES SAVINGS TRUST is 24.18%.
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ALTEK COMPANY EMPLOYEES SAVINGS TRUST is 20.18%. This measures the effectiveness of the plan participants' investments in the year.
ALTEK COMPANY EMPLOYEES SAVINGS TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of ALTEK COMPANY EMPLOYEES SAVINGS TRUST is 0.42%.
Enrollment Features
ALTEK COMPANY EMPLOYEES SAVINGS TRUST has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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