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NORTAP TECHNOLOGY, INC. 401(K) PLAN

Plan Contact

  • Address: 650 SMITHFIRELD STREET,PITTSBURGH,PA
  • Phone: (724) 653-6903

Plan General Information

NORTAP TECHNOLOGY, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2019, the total retirement plan assets of NORTAP TECHNOLOGY, INC. 401(K) PLAN is $3,365,600.00.This plan was established in 2012.

NORTAP TECHNOLOGY, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2019, the total number of retirement plan participants in NORTAP TECHNOLOGY, INC. 401(K) PLAN is 207

NORTAP TECHNOLOGY, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2019, the average participant retirement account value for NORTAP TECHNOLOGY, INC. 401(K) PLAN is $16,258.00

NORTAP TECHNOLOGY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for NORTAP TECHNOLOGY, INC. 401(K) PLAN is $6,401.00.

NORTAP TECHNOLOGY, INC. 401(K) PLAN Estimated Average Employer Match

In 2019, the estimated average employer match for an employee in NORTAP TECHNOLOGY, INC. 401(K) PLAN is approximately $917.00
Investing in this additonal $917.00 for 20 years would give you extra $58,722.00, assuming a 10% annual return.

NORTAP TECHNOLOGY, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2019, NORTAP TECHNOLOGY, INC. 401(K) PLAN allocates $189,932.00 to match its employees' contributions, providing an employer match rate of 28.67% of their contributions

NORTAP TECHNOLOGY, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2019, the total retirement plan asset growth rate of NORTAP TECHNOLOGY, INC. 401(K) PLAN is 65.88%.

NORTAP TECHNOLOGY, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2019, the estimated aggregate retirement account investment gain/loss for NORTAP TECHNOLOGY, INC. 401(K) PLAN is 23.32%. This measures the effectiveness of the plan participants' investments in the year.

NORTAP TECHNOLOGY, INC. 401(K) PLAN Expense Ratio

In 2019, the investment and administrative expense ratio of NORTAP TECHNOLOGY, INC. 401(K) PLAN is 0.42%.

Enrollment Features

NORTAP TECHNOLOGY, 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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