ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN
Plan Contact
- Address: 5755 PEACHTREE INDUSTRIAL BLVD,NORCROSS,GA
- Contact person: MARK RICHARD
- Phone: (678) 728-8799
Plan General Information
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN is $116,557,282.00.This plan was established in 1999.
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN is 618
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN is $188,604.00
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN is $19,849.00.
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN is approximately $1,235.00
Investing in this additonal $1,235.00 for 20 years would give you extra $79,040.00, assuming a 10% annual return.
Investing in this additonal $1,235.00 for 20 years would give you extra $79,040.00, assuming a 10% annual return.
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN allocates $763,233.00 to match its employees' contributions, providing an employer match rate of 12.44% of their contributions
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN is 8.86%.
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN is 18.67%. This measures the effectiveness of the plan participants' investments in the year.
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ADTRAN NETWORKS NORTH AMERICA INC. 401(K) PLAN is 0.17%.
Enrollment Features
ADTRAN NETWORKS NORTH AMERICA INC. 401(K) 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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