CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST

Plan Contact

  • Address: 3001 W HALLANDALE BEACH BLVD STE 10,HALLANDALE,FL
  • Contact person: MINDI MOLGORA
  • Phone: (954) 454-3554

Plan General Information

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST is $1,503,707.00.This plan was established in 1998.

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST is 158

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST is $9,517.00

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST is $1,519.00.

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $326.00
Investing in this additonal $326.00 for 20 years would give you extra $20,910.00, assuming a 10% annual return.

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate

In 2023, CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST allocates $51,624.00 to match its employees' contributions, providing an employer match rate of 24.01% of their contributions

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST is 30.10%.

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST is 11.65%. This measures the effectiveness of the plan participants' investments in the year.

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio

In 2023, the investment and administrative expense ratio of CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST is 0.29%.

Enrollment Features

CHIPTECH INC 401(K) PROFIT SHARING PLAN & TRUST 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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