BIDNET, INC. 401(K) PLAN
Plan Contact
- Address: 20A RAILROAD AVE,ALBANY,NY
- Phone: (450) 449-0102
Plan General Information
BIDNET, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2012, the total retirement plan assets of BIDNET, INC. 401(K) PLAN is $1,510,472.00.This plan was established in 2001.
BIDNET, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2012, the total number of retirement plan participants in BIDNET, INC. 401(K) PLAN is 99
BIDNET, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2012, the average participant retirement account value for BIDNET, INC. 401(K) PLAN is $15,257.00
BIDNET, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2012, the estimated average employee contribution amount per participant for BIDNET, INC. 401(K) PLAN is $2,749.00.
BIDNET, INC. 401(K) PLAN Estimated Average Employer Match
In 2012, the estimated average employer match for an employee in BIDNET, INC. 401(K) PLAN is approximately $507.00
Investing in this additonal $507.00 for 20 years would give you extra $32,490.00, assuming a 10% annual return.
Investing in this additonal $507.00 for 20 years would give you extra $32,490.00, assuming a 10% annual return.
BIDNET, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2012, BIDNET, INC. 401(K) PLAN allocates $50,258.00 to match its employees' contributions, providing an employer match rate of 36.93% of their contributions
BIDNET, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2012, the total retirement plan asset growth rate of BIDNET, INC. 401(K) PLAN is 24.31%.
BIDNET, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2012, the estimated aggregate retirement account investment gain/loss for BIDNET, INC. 401(K) PLAN is 13.49%. This measures the effectiveness of the plan participants' investments in the year.
BIDNET, INC. 401(K) PLAN Expense Ratio
In 2012, the investment and administrative expense ratio of BIDNET, INC. 401(K) PLAN is 0.02%.
Enrollment Features
BIDNET, INC. 401(K) 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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