AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 3050 CHAIN BRIDGE ROAD SUITE 600,FAIRFAX,VA
- Contact person: JULIA BERGEMAN
- Phone: (703) 349-5751
Plan General Information
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN is $18,015,583.00.This plan was established in 2012.
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN is 147
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN is $122,554.00
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN is $20,966.00.
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN is approximately $9,719.00
Investing in this additonal $9,719.00 for 20 years would give you extra $622,022.00, assuming a 10% annual return.
Investing in this additonal $9,719.00 for 20 years would give you extra $622,022.00, assuming a 10% annual return.
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN allocates $1,428,709.00 to match its employees' contributions, providing an employer match rate of 65.52% of their contributions
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN is 63.86%.
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN is 18.86%. This measures the effectiveness of the plan participants' investments in the year.
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT PLAN is 0.01%.
Enrollment Features
AZURE SUMMIT TECHNOLOGY, INC. 401(K) RETIREMENT 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.
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