ATEK COMPANIES SAVINGS PLAN
Plan Contact
- Address: 10025 VALLEY VIEW ROAD STE 190,EDEN PRAIRIE,MN
- Contact person: JULIE MORK
- Phone: (763) 392-5817
Plan General Information
ATEK COMPANIES SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ATEK COMPANIES SAVINGS PLAN is $20,987,820.00.This plan was established in 1976.
ATEK COMPANIES SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ATEK COMPANIES SAVINGS PLAN is 597
ATEK COMPANIES SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ATEK COMPANIES SAVINGS PLAN is $35,155.00
ATEK COMPANIES SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ATEK COMPANIES SAVINGS PLAN is $2,001.00.
ATEK COMPANIES SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ATEK COMPANIES SAVINGS PLAN is approximately $646.00
Investing in this additonal $646.00 for 20 years would give you extra $41,398.00, assuming a 10% annual return.
Investing in this additonal $646.00 for 20 years would give you extra $41,398.00, assuming a 10% annual return.
ATEK COMPANIES SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, ATEK COMPANIES SAVINGS PLAN allocates $386,168.00 to match its employees' contributions, providing an employer match rate of 34.08% of their contributions
ATEK COMPANIES SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ATEK COMPANIES SAVINGS PLAN is -9.69%.
ATEK COMPANIES SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ATEK COMPANIES SAVINGS PLAN is 15.91%. This measures the effectiveness of the plan participants' investments in the year.
ATEK COMPANIES SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ATEK COMPANIES SAVINGS PLAN is 0.40%.
Enrollment Features
ATEK COMPANIES SAVINGS 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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