PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN
- Address: 11011 SUNSET HILLS ROAD,RESTON,VA
- Phone: (703) 876-3000
PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) 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 PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN is $89,741,386.00.This plan was established in 2002.
At the end of 2022, the total number of retirement plan participants in PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN is 530
In 2022, the average participant retirement account value for PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN is $169,323.00
In 2022, the estimated average employee contribution amount per participant for PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN is $8,773.00
In 2022, the estimated average employer match for an employee in PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN is approximately $6,315.00
In 2022, PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN allocates $3,347,028.00 to match its employees' contributions, providing an employer match rate of 69.68% of their contributions
In 2022, the total retirement plan asset growth rate of PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN is -19.86%
In 2022, the estimated aggregate retirement account investment gain/loss for PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN is -15.72%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN is 0.15%.
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