MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 201 RIVERNECK ROAD,CHELMSFORD,MA
- Contact person: JOE FREITAS
- Phone: (978) 256-1300
Plan General Information
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2012, the total retirement plan assets of MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST is $5,875,597.00.This plan was established in 1996.
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2012, the total number of retirement plan participants in MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST is 254
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2012, the average participant retirement account value for MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST is $23,132.00
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2012, the estimated average employee contribution amount per participant for MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST is $5,420.00.
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2012, the estimated average employer match for an employee in MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $1,019.00
Investing in this additonal $1,019.00 for 20 years would give you extra $65,228.00, assuming a 10% annual return.
Investing in this additonal $1,019.00 for 20 years would give you extra $65,228.00, assuming a 10% annual return.
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2012, MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST allocates $258,876.00 to match its employees' contributions, providing an employer match rate of 37.60% of their contributions
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2012, the total retirement plan asset growth rate of MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST is 19.54%.
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2012, the estimated aggregate retirement account investment gain/loss for MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST is 12.28%. This measures the effectiveness of the plan participants' investments in the year.
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2012, the investment and administrative expense ratio of MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST is 0.03%.
Enrollment Features
MICRONETICS INC 401(K) PROFIT SHARING PLAN & TRUST 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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