WITS SOLUTIONS INC. 401(K) PLAN 002
Plan Contact
- Address: 44790 MAYNARD SQUARE,,ASHBURN,VA
- Phone: (800) 952-9487
Plan General Information
WITS SOLUTIONS INC. 401(K) PLAN 002 Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of WITS SOLUTIONS INC. 401(K) PLAN 002 is $1,499,833.00.This plan was established in 2020.
WITS SOLUTIONS INC. 401(K) PLAN 002 Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in WITS SOLUTIONS INC. 401(K) PLAN 002 is 120
WITS SOLUTIONS INC. 401(K) PLAN 002 Average Participant Retirement Account Value
In 2020, the average participant retirement account value for WITS SOLUTIONS INC. 401(K) PLAN 002 is $12,498.00
WITS SOLUTIONS INC. 401(K) PLAN 002 Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for WITS SOLUTIONS INC. 401(K) PLAN 002 is $2,178.00.
WITS SOLUTIONS INC. 401(K) PLAN 002 Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in WITS SOLUTIONS INC. 401(K) PLAN 002 is approximately $291.00
Investing in this additonal $291.00 for 20 years would give you extra $18,647.00, assuming a 10% annual return.
Investing in this additonal $291.00 for 20 years would give you extra $18,647.00, assuming a 10% annual return.
WITS SOLUTIONS INC. 401(K) PLAN 002 Total Employer Contribution and Match Rate
In 2020, WITS SOLUTIONS INC. 401(K) PLAN 002 allocates $34,964.00 to match its employees' contributions, providing an employer match rate of 26.76% of their contributions
WITS SOLUTIONS INC. 401(K) PLAN 002 Expense Ratio
In 2020, the investment and administrative expense ratio of WITS SOLUTIONS INC. 401(K) PLAN 002 is 0.06%.
Enrollment Features
WITS SOLUTIONS INC. 401(K) PLAN 002 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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