AXIS COMMUNICATIONS, INC. 401(K) PLAN
Plan Contact
- Address: 300 APOLLO DRIVE,CHELMSFORD,MA
- Phone: (978) 614-2000
Plan General Information
AXIS COMMUNICATIONS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AXIS COMMUNICATIONS, INC. 401(K) PLAN is $49,938,965.00.This plan was established in 1994.
AXIS COMMUNICATIONS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AXIS COMMUNICATIONS, INC. 401(K) PLAN is 618
AXIS COMMUNICATIONS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AXIS COMMUNICATIONS, INC. 401(K) PLAN is $80,807.00
AXIS COMMUNICATIONS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AXIS COMMUNICATIONS, INC. 401(K) PLAN is $8,472.00.
AXIS COMMUNICATIONS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AXIS COMMUNICATIONS, INC. 401(K) PLAN is approximately $2,718.00
Investing in this additonal $2,718.00 for 20 years would give you extra $174,013.00, assuming a 10% annual return.
Investing in this additonal $2,718.00 for 20 years would give you extra $174,013.00, assuming a 10% annual return.
AXIS COMMUNICATIONS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, AXIS COMMUNICATIONS, INC. 401(K) PLAN allocates $1,680,314.00 to match its employees' contributions, providing an employer match rate of 35.19% of their contributions
AXIS COMMUNICATIONS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AXIS COMMUNICATIONS, INC. 401(K) PLAN is 33.92%.
AXIS COMMUNICATIONS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AXIS COMMUNICATIONS, INC. 401(K) PLAN is 19.34%. This measures the effectiveness of the plan participants' investments in the year.
AXIS COMMUNICATIONS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AXIS COMMUNICATIONS, INC. 401(K) PLAN is 0.19%.
Enrollment Features
AXIS COMMUNICATIONS, INC. 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.
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