SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Plan Contact

  • Address: 515 LEE ROAD,ROCHESTER,NY
  • Contact person: ANDREW SCIORTINO
  • Phone: (585) 464-9336

Plan General Information

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is $10,916,546.00.This plan was established in 1999.

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is 195

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is $55,982.00

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is $3,059.00.

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is approximately $879.00
Investing in this additonal $879.00 for 20 years would give you extra $56,265.00, assuming a 10% annual return.

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN allocates $171,434.00 to match its employees' contributions, providing an employer match rate of 31.30% of their contributions

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is 17.14%.

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is 15.70%. This measures the effectiveness of the plan participants' investments in the year.

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is 0.51%.

Enrollment Features

SYNTEC TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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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