MAGVIEW 401K PLAN

Plan Contact

  • Address: 8110 MAPLE LAWN BLVD,,FULTON,MD
  • Contact person: BRYAN CHAPIN
  • Phone: (800) 553-8998

Plan General Information

MAGVIEW 401K PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of MAGVIEW 401K PLAN is $2,648,716.00.This plan was established in 2012.

MAGVIEW 401K PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in MAGVIEW 401K PLAN is 126

MAGVIEW 401K PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for MAGVIEW 401K PLAN is $21,021.00

MAGVIEW 401K PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for MAGVIEW 401K PLAN is $5,492.00.

MAGVIEW 401K PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in MAGVIEW 401K PLAN is approximately $1,302.00
Investing in this additonal $1,302.00 for 20 years would give you extra $83,349.00, assuming a 10% annual return.

MAGVIEW 401K PLAN Total Employer Contribution and Match Rate

In 2022, MAGVIEW 401K PLAN allocates $164,095.00 to match its employees' contributions, providing an employer match rate of 47.43% of their contributions

MAGVIEW 401K PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of MAGVIEW 401K PLAN is -9.82%.

MAGVIEW 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for MAGVIEW 401K PLAN is -21.57%. This measures the effectiveness of the plan participants' investments in the year.

MAGVIEW 401K PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of MAGVIEW 401K PLAN is 0.54%.

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