NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 1651 OLD MEADOW ROAD,,MCLEAN,VA
- Contact person: GREGORY CONRAN
- Phone: (703) 268-0038
Plan General Information
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN is $18,330,248.00.This plan was established in 1997.
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN is 160
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN is $114,564.00
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN is $22,599.00.
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN is approximately $3,141.00
Investing in this additonal $3,141.00 for 20 years would give you extra $201,070.00, assuming a 10% annual return.
Investing in this additonal $3,141.00 for 20 years would give you extra $201,070.00, assuming a 10% annual return.
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN allocates $502,675.00 to match its employees' contributions, providing an employer match rate of 27.80% of their contributions
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN is 31.39%.
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN is 15.91%. This measures the effectiveness of the plan participants' investments in the year.
NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NETWORK DESIGNS, INC. 401(K) RETIREMENT PLAN is 0.24%.
Enrollment Features
NETWORK DESIGNS, 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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