RESTEK CORPORATION PROFIT SHARING AND ESOP
Plan Contact
- Address: 110 BENNER CIRCLE,BELLEFONTE,PA
- Contact person: CHRISTINA MARSHALL
- Phone: (814) 353-1300
Plan General Information
RESTEK CORPORATION PROFIT SHARING AND ESOP Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RESTEK CORPORATION PROFIT SHARING AND ESOP is $215,883,810.00.This plan was established in 1991.
RESTEK CORPORATION PROFIT SHARING AND ESOP Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RESTEK CORPORATION PROFIT SHARING AND ESOP is 647
RESTEK CORPORATION PROFIT SHARING AND ESOP Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RESTEK CORPORATION PROFIT SHARING AND ESOP is $333,668.00
RESTEK CORPORATION PROFIT SHARING AND ESOP Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RESTEK CORPORATION PROFIT SHARING AND ESOP is $5,448.00.
RESTEK CORPORATION PROFIT SHARING AND ESOP Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RESTEK CORPORATION PROFIT SHARING AND ESOP is approximately $801.00
Investing in this additonal $801.00 for 20 years would give you extra $51,308.00, assuming a 10% annual return.
Investing in this additonal $801.00 for 20 years would give you extra $51,308.00, assuming a 10% annual return.
RESTEK CORPORATION PROFIT SHARING AND ESOP Total Employer Contribution and Match Rate
In 2023, RESTEK CORPORATION PROFIT SHARING AND ESOP allocates $518,692.00 to match its employees' contributions, providing an employer match rate of 15.99% of their contributions
RESTEK CORPORATION PROFIT SHARING AND ESOP Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RESTEK CORPORATION PROFIT SHARING AND ESOP is 3.67%.
RESTEK CORPORATION PROFIT SHARING AND ESOP Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RESTEK CORPORATION PROFIT SHARING AND ESOP is 8.99%. This measures the effectiveness of the plan participants' investments in the year.
RESTEK CORPORATION PROFIT SHARING AND ESOP Expense Ratio
In 2023, the investment and administrative expense ratio of RESTEK CORPORATION PROFIT SHARING AND ESOP is 0.05%.
Enrollment Features
RESTEK CORPORATION PROFIT SHARING AND ESOP 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.
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