FORTIS NETWORKS, INC. 401(K) PLAN

Plan Contact

  • Address: 4108 E. AIR LANE,PHOENIX,AZ
  • Phone: (602) 242-1200

Plan General Information

FORTIS NETWORKS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2016, the total retirement plan assets of FORTIS NETWORKS, INC. 401(K) PLAN is $861,869.00.This plan was established in 2013.

FORTIS NETWORKS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2016, the total number of retirement plan participants in FORTIS NETWORKS, INC. 401(K) PLAN is 148

FORTIS NETWORKS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2016, the average participant retirement account value for FORTIS NETWORKS, INC. 401(K) PLAN is $5,823.00

FORTIS NETWORKS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for FORTIS NETWORKS, INC. 401(K) PLAN is $2,642.00.

FORTIS NETWORKS, INC. 401(K) PLAN Estimated Average Employer Match

In 2016, the estimated average employer match for an employee in FORTIS NETWORKS, INC. 401(K) PLAN is approximately $780.00
Investing in this additonal $780.00 for 20 years would give you extra $49,965.00, assuming a 10% annual return.

FORTIS NETWORKS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2016, FORTIS NETWORKS, INC. 401(K) PLAN allocates $115,546.00 to match its employees' contributions, providing an employer match rate of 59.09% of their contributions

FORTIS NETWORKS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2016, the total retirement plan asset growth rate of FORTIS NETWORKS, INC. 401(K) PLAN is 36.15%.

FORTIS NETWORKS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2016, the estimated aggregate retirement account investment gain/loss for FORTIS NETWORKS, INC. 401(K) PLAN is 7.31%. This measures the effectiveness of the plan participants' investments in the year.

FORTIS NETWORKS, INC. 401(K) PLAN Expense Ratio

In 2016, the investment and administrative expense ratio of FORTIS NETWORKS, INC. 401(K) PLAN is 0.16%.

Enrollment Features

FORTIS NETWORKS, 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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