FIT ELECTRONICS, INC. 401(K) PLAN
Plan Contact
- Address: 420 EXCHANGE, SITE 150,IRVINE,CA
- Contact person: SHARON SETO
- Phone: (949) 270-8530
Plan General Information
FIT ELECTRONICS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FIT ELECTRONICS, INC. 401(K) PLAN is $40,701,976.00.This plan was established in 1998.
FIT ELECTRONICS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FIT ELECTRONICS, INC. 401(K) PLAN is 210
FIT ELECTRONICS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FIT ELECTRONICS, INC. 401(K) PLAN is $193,818.00
FIT ELECTRONICS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FIT ELECTRONICS, INC. 401(K) PLAN is $8,383.00.
FIT ELECTRONICS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FIT ELECTRONICS, INC. 401(K) PLAN is approximately $3,963.00
Investing in this additonal $3,963.00 for 20 years would give you extra $253,679.00, assuming a 10% annual return.
Investing in this additonal $3,963.00 for 20 years would give you extra $253,679.00, assuming a 10% annual return.
FIT ELECTRONICS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, FIT ELECTRONICS, INC. 401(K) PLAN allocates $832,385.00 to match its employees' contributions, providing an employer match rate of 45.34% of their contributions
FIT ELECTRONICS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FIT ELECTRONICS, INC. 401(K) PLAN is 13.83%.
FIT ELECTRONICS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FIT ELECTRONICS, INC. 401(K) PLAN is 15.75%. This measures the effectiveness of the plan participants' investments in the year.
FIT ELECTRONICS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FIT ELECTRONICS, INC. 401(K) PLAN is 0.12%.
Enrollment Features
FIT ELECTRONICS, 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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