BASYS,INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 3700 KOPPERS STREET, SUITE 400,BALTIMORE,MD
- Contact person: SEAN CORNELIUS
- Phone: (410) 412-7569
Plan General Information
BASYS,INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of BASYS,INC. 401(K) RETIREMENT PLAN is $60,001,050.00.This plan was established in 1992.
BASYS,INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in BASYS,INC. 401(K) RETIREMENT PLAN is 185
BASYS,INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for BASYS,INC. 401(K) RETIREMENT PLAN is $324,330.00
BASYS,INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for BASYS,INC. 401(K) RETIREMENT PLAN is $8,954.00.
BASYS,INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in BASYS,INC. 401(K) RETIREMENT PLAN is approximately $3,385.00
Investing in this additonal $3,385.00 for 20 years would give you extra $216,663.00, assuming a 10% annual return.
Investing in this additonal $3,385.00 for 20 years would give you extra $216,663.00, assuming a 10% annual return.
BASYS,INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2022, BASYS,INC. 401(K) RETIREMENT PLAN allocates $626,293.00 to match its employees' contributions, providing an employer match rate of 38.22% of their contributions
BASYS,INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of BASYS,INC. 401(K) RETIREMENT PLAN is 60.32%.
BASYS,INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for BASYS,INC. 401(K) RETIREMENT PLAN is 60.92%. This measures the effectiveness of the plan participants' investments in the year.
BASYS,INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of BASYS,INC. 401(K) RETIREMENT PLAN is 0.08%.
Enrollment Features
BASYS,INC. 401(K) RETIREMENT 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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