MAK TECHNOLOGIES 401(K) RETIREMENT PLAN
Plan Contact
- Address: 10 FAWCETT STREET, SUITE 204,CAMBRIDGE,MA
- Contact person: THOMAS LOW
- Phone: (617) 876-8085
Plan General Information
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is $23,473,298.00.This plan was established in 1994.
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is 119
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is $197,254.00
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is $5,559.00.
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is approximately $2,344.00
Investing in this additonal $2,344.00 for 20 years would give you extra $150,074.00, assuming a 10% annual return.
Investing in this additonal $2,344.00 for 20 years would give you extra $150,074.00, assuming a 10% annual return.
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MAK TECHNOLOGIES 401(K) RETIREMENT PLAN allocates $279,044.00 to match its employees' contributions, providing an employer match rate of 38.76% of their contributions
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is 15.80%.
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is 24.66%. This measures the effectiveness of the plan participants' investments in the year.
MAK TECHNOLOGIES 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MAK TECHNOLOGIES 401(K) RETIREMENT PLAN is 0.30%.
Enrollment Features
MAK TECHNOLOGIES 401(K) RETIREMENT 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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