AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN
Plan Contact
- Address: 1100 CRESCENT GREEN, SUITE 200,CARY,NC
- Contact person: ALEX SEMILOF
- Phone: (919) 719-7025
Plan General Information
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN is $48,705,541.00.This plan was established in 1989.
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN is 634
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN is $76,822.00
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN is $10,037.00.
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN is approximately $1,414.00
Investing in this additonal $1,414.00 for 20 years would give you extra $90,520.00, assuming a 10% annual return.
Investing in this additonal $1,414.00 for 20 years would give you extra $90,520.00, assuming a 10% annual return.
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN allocates $896,718.00 to match its employees' contributions, providing an employer match rate of 28.18% of their contributions
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN is 19.30%.
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN is 19.41%. This measures the effectiveness of the plan participants' investments in the year.
AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN is 0.01%.
Enrollment Features
AVIDEX INDUSTRIES SAVINGS INVESTMENT 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.
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