PRESSCO TECHNOLOGY INC. P S 401(K) PLAN
Plan Contact
- Address: 29200 AURORA ROAD,SOLON,OH
- Contact person: CHUCK BRILL
- Phone: (440) 498-2600
Plan General Information
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of PRESSCO TECHNOLOGY INC. P S 401(K) PLAN is $33,401,215.00.This plan was established in 2022.
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in PRESSCO TECHNOLOGY INC. P S 401(K) PLAN is 162
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for PRESSCO TECHNOLOGY INC. P S 401(K) PLAN is $206,180.00
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for PRESSCO TECHNOLOGY INC. P S 401(K) PLAN is $6,864.00.
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in PRESSCO TECHNOLOGY INC. P S 401(K) PLAN is approximately $743.00
Investing in this additonal $743.00 for 20 years would give you extra $47,567.00, assuming a 10% annual return.
Investing in this additonal $743.00 for 20 years would give you extra $47,567.00, assuming a 10% annual return.
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Total Employer Contribution and Match Rate
In 2021, PRESSCO TECHNOLOGY INC. P S 401(K) PLAN allocates $120,404.00 to match its employees' contributions, providing an employer match rate of 10.83% of their contributions
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of PRESSCO TECHNOLOGY INC. P S 401(K) PLAN is 12.80%.
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for PRESSCO TECHNOLOGY INC. P S 401(K) PLAN is 14.23%. This measures the effectiveness of the plan participants' investments in the year.
PRESSCO TECHNOLOGY INC. P S 401(K) PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of PRESSCO TECHNOLOGY INC. P S 401(K) PLAN is 0.10%.
Enrollment Features
PRESSCO TECHNOLOGY INC. P S 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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