FLORIDA TECH RETIREMENT PLAN
Plan Contact
- Address: 150 WEST UNIVERSITY BLVD,MELBOURNE,FL
- Contact person: KIMBERLY D. WILLIAMS
- Phone: (321) 674-8100
Plan General Information
FLORIDA TECH RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FLORIDA TECH RETIREMENT PLAN is $159,539,880.00.This plan was established in 1970.
FLORIDA TECH RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FLORIDA TECH RETIREMENT PLAN is 2000
FLORIDA TECH RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FLORIDA TECH RETIREMENT PLAN is $79,769.00
FLORIDA TECH RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FLORIDA TECH RETIREMENT PLAN is $2,636.00.
FLORIDA TECH RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FLORIDA TECH RETIREMENT PLAN is approximately $1,513.00
Investing in this additonal $1,513.00 for 20 years would give you extra $96,839.00, assuming a 10% annual return.
Investing in this additonal $1,513.00 for 20 years would give you extra $96,839.00, assuming a 10% annual return.
FLORIDA TECH RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, FLORIDA TECH RETIREMENT PLAN allocates $3,026,227.00 to match its employees' contributions, providing an employer match rate of 55.93% of their contributions
FLORIDA TECH RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FLORIDA TECH RETIREMENT PLAN is 17.62%.
FLORIDA TECH RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FLORIDA TECH RETIREMENT PLAN is 15.12%. This measures the effectiveness of the plan participants' investments in the year.
FLORIDA TECH RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FLORIDA TECH RETIREMENT PLAN is 0.11%.
Enrollment Features
FLORIDA TECH 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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