TECHNOSOFT CORPORATION 401(K) PLAN

  • Address: ONE TOWN SQUARE,,SOUTHFIELD,MI
  • Contact person: VISHAL SARADA
  • Phone: (248) 603-2679
Investment Options of TECHNOSOFT CORPORATION 401(K) PLAN (as of 2022)
INVESCO STABLE ASSET - ADPZ (INVESCO TRUST COMPANY)
STATE ST S&P MD CP IDX NL C (STATE STREET BANK & TRUST CO)
STATE ST INTL IDX SEC LEND VI (STATE STREET BANK & TRUST CO)
STATE ST US BD IDX SL VI (STATE STREET BANK & TRUST CO)

TECHNOSOFT CORPORATION 401(K) 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.

At the end of 2022, the total retirement plan assets of TECHNOSOFT CORPORATION 401(K) PLAN is $14,346,636.00.This plan was established in 2002.

At the end of 2022, the total number of retirement plan participants in TECHNOSOFT CORPORATION 401(K) PLAN is 892

In 2022, the average participant retirement account value for TECHNOSOFT CORPORATION 401(K) PLAN is $16,083.00

In 2022, the estimated average employee contribution amount per participant for TECHNOSOFT CORPORATION 401(K) PLAN is $2,576.00

In 2022, the estimated average employer match for an employee in TECHNOSOFT CORPORATION 401(K) PLAN is approximately $124.00

In 2022, TECHNOSOFT CORPORATION 401(K) PLAN allocates $111,183.00 to match its employees' contributions, providing an employer match rate of 4.56% of their contributions

In 2022, the total retirement plan asset growth rate of TECHNOSOFT CORPORATION 401(K) PLAN is -13.62%

In 2022, the estimated aggregate retirement account investment gain/loss for TECHNOSOFT CORPORATION 401(K) PLAN is -17.70%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of TECHNOSOFT CORPORATION 401(K) PLAN is 0.40%.

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