AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES
Plan Contact
- Address: 225 ERIE STREET,LANCASTER,NY
- Contact person: TAMA GRESCO-SAUERS
- Phone: (716) 683-5100
Plan General Information
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is $7,081,701.00.This plan was established in 2004.
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is 175
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is $40,466.00
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is $2,774.00.
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is approximately $282.00
Investing in this additonal $282.00 for 20 years would give you extra $18,056.00, assuming a 10% annual return.
Investing in this additonal $282.00 for 20 years would give you extra $18,056.00, assuming a 10% annual return.
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Total Employer Contribution and Match Rate
In 2023, AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES allocates $49,372.00 to match its employees' contributions, providing an employer match rate of 10.26% of their contributions
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is -6.35%.
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is 15.64%. This measures the effectiveness of the plan participants' investments in the year.
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is 0.03%.
Enrollment Features
AVOX SYSTEMS 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES 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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