HALVIK CORP. 401(K) PLAN

Plan Contact

  • Address: 1600 SPRING HILL ROAD,,VIENNA,VA
  • Contact person: MADHAVI BATHULA
  • Phone: (703) 268-8727

Plan General Information

HALVIK CORP. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of HALVIK CORP. 401(K) PLAN is $16,145,232.00.This plan was established in 2010.

HALVIK CORP. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in HALVIK CORP. 401(K) PLAN is 359

HALVIK CORP. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for HALVIK CORP. 401(K) PLAN is $44,972.00

HALVIK CORP. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for HALVIK CORP. 401(K) PLAN is $8,372.00.

HALVIK CORP. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in HALVIK CORP. 401(K) PLAN is approximately $4,730.00
Investing in this additonal $4,730.00 for 20 years would give you extra $302,759.00, assuming a 10% annual return.

HALVIK CORP. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, HALVIK CORP. 401(K) PLAN allocates $1,698,289.00 to match its employees' contributions, providing an employer match rate of 73.63% of their contributions

HALVIK CORP. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of HALVIK CORP. 401(K) PLAN is 32.17%.

HALVIK CORP. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for HALVIK CORP. 401(K) PLAN is 16.85%. This measures the effectiveness of the plan participants' investments in the year.

HALVIK CORP. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of HALVIK CORP. 401(K) PLAN is 0.70%.

Enrollment Features

HALVIK CORP. 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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