WECTEC 401(K) SAVINGS PLAN
Plan Contact
- Address: 1000 WESTINGHOUSE DRIVE,CRANBERRY TOWNSHIP,PA
- Contact person: CRYSTAL CHEN
- Phone: (412) 374-3770
Plan General Information
WECTEC 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WECTEC 401(K) SAVINGS PLAN is 644
WECTEC 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WECTEC 401(K) SAVINGS PLAN is $4,388.00.
WECTEC 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WECTEC 401(K) SAVINGS PLAN is approximately $1,569.00
Investing in this additonal $1,569.00 for 20 years would give you extra $100,435.00, assuming a 10% annual return.
Investing in this additonal $1,569.00 for 20 years would give you extra $100,435.00, assuming a 10% annual return.
WECTEC 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, WECTEC 401(K) SAVINGS PLAN allocates $1,010,630.00 to match its employees' contributions, providing an employer match rate of 32.23% of their contributions
Enrollment Features
WECTEC 401(K) SAVINGS 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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