VAREN TECHNOLOGIES, INC. 401(K) PLAN
Plan Contact
- Address: 6708 ALEXANDER BELL DR, SUITE 200,COLUMBIA,MD
- Contact person: JULIE ROSE
- Phone: (410) 290-8008
Plan General Information
VAREN TECHNOLOGIES, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of VAREN TECHNOLOGIES, INC. 401(K) PLAN is $29,854,169.00.This plan was established in 2006.
VAREN TECHNOLOGIES, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in VAREN TECHNOLOGIES, INC. 401(K) PLAN is 254
VAREN TECHNOLOGIES, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for VAREN TECHNOLOGIES, INC. 401(K) PLAN is $117,536.00
VAREN TECHNOLOGIES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for VAREN TECHNOLOGIES, INC. 401(K) PLAN is $6,439.00.
VAREN TECHNOLOGIES, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in VAREN TECHNOLOGIES, INC. 401(K) PLAN is approximately $4,660.00
Investing in this additonal $4,660.00 for 20 years would give you extra $298,247.00, assuming a 10% annual return.
Investing in this additonal $4,660.00 for 20 years would give you extra $298,247.00, assuming a 10% annual return.
VAREN TECHNOLOGIES, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, VAREN TECHNOLOGIES, INC. 401(K) PLAN allocates $1,183,671.00 to match its employees' contributions, providing an employer match rate of 70.57% of their contributions
VAREN TECHNOLOGIES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of VAREN TECHNOLOGIES, INC. 401(K) PLAN is -24.06%.
VAREN TECHNOLOGIES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for VAREN TECHNOLOGIES, INC. 401(K) PLAN is -18.48%. This measures the effectiveness of the plan participants' investments in the year.
VAREN TECHNOLOGIES, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of VAREN TECHNOLOGIES, INC. 401(K) PLAN is 0.35%.
Enrollment Features
VAREN TECHNOLOGIES, INC. 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.
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