TECHNOFORM 401(K) PLAN
Plan Contact
- Address: 1755 ENTERPRISE PARKWAY, 300 SUITE,TWINSBURG,OH
- Contact person: SHARI VAGO
- Phone: (440) 715-5235
Plan General Information
TECHNOFORM 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of TECHNOFORM 401(K) PLAN is $5,747,797.00.This plan was established in 2004.
TECHNOFORM 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in TECHNOFORM 401(K) PLAN is 114
TECHNOFORM 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for TECHNOFORM 401(K) PLAN is $50,419.00
TECHNOFORM 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for TECHNOFORM 401(K) PLAN is $7,106.00.
TECHNOFORM 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in TECHNOFORM 401(K) PLAN is approximately $1,904.00
Investing in this additonal $1,904.00 for 20 years would give you extra $121,911.00, assuming a 10% annual return.
Investing in this additonal $1,904.00 for 20 years would give you extra $121,911.00, assuming a 10% annual return.
TECHNOFORM 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, TECHNOFORM 401(K) PLAN allocates $217,154.00 to match its employees' contributions, providing an employer match rate of 53.61% of their contributions
TECHNOFORM 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of TECHNOFORM 401(K) PLAN is -11.91%.
TECHNOFORM 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for TECHNOFORM 401(K) PLAN is -15.95%. This measures the effectiveness of the plan participants' investments in the year.
TECHNOFORM 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of TECHNOFORM 401(K) PLAN is 0.80%.
Enrollment Features
TECHNOFORM 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.
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