NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN

Plan Contact

  • Address: 212 W 35TH STREET,,NEW YORK,NY
  • Contact person: STEVEN RIEGLER
  • Phone: (212) 356-9529

Plan General Information

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2012, the total retirement plan assets of NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is $4,377,333.00.This plan was established in 2004.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2012, the total number of retirement plan participants in NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is 340

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2012, the average participant retirement account value for NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is $12,874.00

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2012, the estimated average employee contribution amount per participant for NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is $4,635.00.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Estimated Average Employer Match

In 2012, the estimated average employer match for an employee in NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is approximately $320.00
Investing in this additonal $320.00 for 20 years would give you extra $20,520.00, assuming a 10% annual return.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2012, NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN allocates $109,014.00 to match its employees' contributions, providing an employer match rate of 13.83% of their contributions

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2012, the total retirement plan asset growth rate of NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is 33.57%.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2012, the estimated aggregate retirement account investment gain/loss for NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is 14.22%. This measures the effectiveness of the plan participants' investments in the year.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Expense Ratio

In 2012, the investment and administrative expense ratio of NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is 0.02%.

Enrollment Features

NEWTEK BUSINESS SERVICES, INC. 401(K) 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.

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