NOVATECH INC. 401K RETIREMENT PLAN
- Address: 4106 CHARLOTTE AVE,NASHVILLE,TN
- Contact person: JEFF HOCTOR
- Phone: (615) 577-7664
| Investment Options of NOVATECH INC. 401K RETIREMENT PLAN (as of 2022) |
|---|
| SEPARATE ACCOUNT II (AMERICAN UNITED LIFE INSURANCE CO) |
NOVATECH INC. 401K 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.
At the end of 2022, the total retirement plan assets of NOVATECH INC. 401K RETIREMENT PLAN is $14,699,828.00.This plan was established in 2000.
At the end of 2022, the total number of retirement plan participants in NOVATECH INC. 401K RETIREMENT PLAN is 529
In 2022, the average participant retirement account value for NOVATECH INC. 401K RETIREMENT PLAN is $27,787.00
In 2022, the estimated average employee contribution amount per participant for NOVATECH INC. 401K RETIREMENT PLAN is $3,233.00
In 2022, the estimated average employer match for an employee in NOVATECH INC. 401K RETIREMENT PLAN is approximately $1,136.00
In 2022, NOVATECH INC. 401K RETIREMENT PLAN allocates $601,109.00 to match its employees' contributions, providing an employer match rate of 36.66% of their contributions
In 2022, the total retirement plan asset growth rate of NOVATECH INC. 401K RETIREMENT PLAN is -10.11%
In 2022, the estimated aggregate retirement account investment gain/loss for NOVATECH INC. 401K RETIREMENT PLAN is -16.85%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of NOVATECH INC. 401K RETIREMENT PLAN is 0.22%.
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