NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 100 CAIRNS ROAD,MANSFIELD,OH
- Contact person: LORI BLEVINS
- Phone: (419) 525-1856
Plan General Information
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN is $61,708,336.00.This plan was established in 1988.
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN is 1111
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN is $55,543.00
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN is $2,481.00.
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN is approximately $1,139.00
Investing in this additonal $1,139.00 for 20 years would give you extra $72,897.00, assuming a 10% annual return.
Investing in this additonal $1,139.00 for 20 years would give you extra $72,897.00, assuming a 10% annual return.
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN allocates $1,265,449.00 to match its employees' contributions, providing an employer match rate of 46.27% of their contributions
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN is 16.46%.
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN is 21.11%. This measures the effectiveness of the plan participants' investments in the year.
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT PLAN is 0.06%.
Enrollment Features
NEWMAN TECHNOLOGY, INC. 401(K) SAVINGS & RETIREMENT 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.
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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