VEKTEK CORPORATION RETIREMENT PLAN
Plan Contact
- Address: 1334 EAST 6TH AVENUE,EMPORIA,KS
- Contact person: DARLENE ROPELEWSKI
- Phone: (620) 342-7637
Plan General Information
VEKTEK CORPORATION RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of VEKTEK CORPORATION RETIREMENT PLAN is $15,354,067.00.This plan was established in 2016.
VEKTEK CORPORATION RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in VEKTEK CORPORATION RETIREMENT PLAN is 175
VEKTEK CORPORATION RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for VEKTEK CORPORATION RETIREMENT PLAN is $87,737.00
VEKTEK CORPORATION RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for VEKTEK CORPORATION RETIREMENT PLAN is $4,079.00.
VEKTEK CORPORATION RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in VEKTEK CORPORATION RETIREMENT PLAN is approximately $1,807.00
Investing in this additonal $1,807.00 for 20 years would give you extra $115,691.00, assuming a 10% annual return.
Investing in this additonal $1,807.00 for 20 years would give you extra $115,691.00, assuming a 10% annual return.
VEKTEK CORPORATION RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, VEKTEK CORPORATION RETIREMENT PLAN allocates $316,344.00 to match its employees' contributions, providing an employer match rate of 47.00% of their contributions
VEKTEK CORPORATION RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of VEKTEK CORPORATION RETIREMENT PLAN is 9.64%.
VEKTEK CORPORATION RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for VEKTEK CORPORATION RETIREMENT PLAN is 15.91%. This measures the effectiveness of the plan participants' investments in the year.
VEKTEK CORPORATION RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of VEKTEK CORPORATION RETIREMENT PLAN is 0.33%.
Enrollment Features
VEKTEK CORPORATION RETIREMENT 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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