TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN

  • Address: 203 CRESCENT ST.,,WALTHAM,MA
  • Contact person: CHRISTINE RIMER
  • Phone: (415) 900-9030

TAKEOFF 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 TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN is $7,980,525.00.This plan was established in 2018.

At the end of 2022, the total number of retirement plan participants in TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN is 170

In 2022, the average participant retirement account value for TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN is $46,944.00

In 2022, the estimated average employee contribution amount per participant for TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN is $11,799.00

In 2022, the estimated average employer match for an employee in TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN is approximately $6,426.00

In 2022, TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN allocates $1,092,550.00 to match its employees' contributions, providing an employer match rate of 62.35% of their contributions

In 2022, the total retirement plan asset growth rate of TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN is 15.27%

In 2022, the estimated aggregate retirement account investment gain/loss for TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN is -16.08%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of TAKEOFF TECHNOLOGIES, INC. 401(K) PLAN is 0.09%.

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