INVIO AUTOMATION, INC. 401(K) PLAN
Plan Contact
- Address: 16185 NATIONAL PKWY,LANSING,MI
- Contact person: SCOUT SPARKS
- Phone: (517) 321-7700
Plan General Information
INVIO AUTOMATION, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of INVIO AUTOMATION, INC. 401(K) PLAN is $25,659,663.00.This plan was established in 2003.
INVIO AUTOMATION, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in INVIO AUTOMATION, INC. 401(K) PLAN is 538
INVIO AUTOMATION, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for INVIO AUTOMATION, INC. 401(K) PLAN is $47,694.00
INVIO AUTOMATION, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for INVIO AUTOMATION, INC. 401(K) PLAN is $9,631.00.
INVIO AUTOMATION, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in INVIO AUTOMATION, INC. 401(K) PLAN is approximately $2,404.00
Investing in this additonal $2,404.00 for 20 years would give you extra $153,911.00, assuming a 10% annual return.
Investing in this additonal $2,404.00 for 20 years would give you extra $153,911.00, assuming a 10% annual return.
INVIO AUTOMATION, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, INVIO AUTOMATION, INC. 401(K) PLAN allocates $1,293,819.00 to match its employees' contributions, providing an employer match rate of 49.94% of their contributions
INVIO AUTOMATION, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of INVIO AUTOMATION, INC. 401(K) PLAN is 22.28%.
INVIO AUTOMATION, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for INVIO AUTOMATION, INC. 401(K) PLAN is 17.70%. This measures the effectiveness of the plan participants' investments in the year.
INVIO AUTOMATION, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of INVIO AUTOMATION, INC. 401(K) PLAN is 0.49%.
Enrollment Features
INVIO AUTOMATION, INC. 401(K) PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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