OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN
Plan Contact
- Address: 7901 COMPUTER AVENUE,BLOOMINGTON,MN
- Contact person: YVONNE DILTS
- Phone: (763) 201-2012
Plan General Information
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN is $71,311,553.00.This plan was established in 2002.
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN is 459
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN is $155,362.00
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN is $9,968.00.
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN is approximately $2,205.00
Investing in this additonal $2,205.00 for 20 years would give you extra $141,169.00, assuming a 10% annual return.
Investing in this additonal $2,205.00 for 20 years would give you extra $141,169.00, assuming a 10% annual return.
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN allocates $1,012,451.00 to match its employees' contributions, providing an employer match rate of 44.26% of their contributions
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN is 20.18%.
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN is 17.77%. This measures the effectiveness of the plan participants' investments in the year.
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 401(K) PLAN is 0.20%.
Enrollment Features
OPEN ACCESS TECHNOLOGY INTERNATIONAL, 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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