MOMENTUM TELECOM, INC. 401(K) PLAN
Plan Contact
- Address: ONE CONCOURSE PARKWAY, SUITE 600,ATLANTA,GA
- Contact person: HEATHER DROMGOOLE
- Phone: (215) 600-2853
Plan General Information
MOMENTUM TELECOM, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MOMENTUM TELECOM, INC. 401(K) PLAN is $39,284,928.00.This plan was established in 2001.
MOMENTUM TELECOM, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MOMENTUM TELECOM, INC. 401(K) PLAN is 603
MOMENTUM TELECOM, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MOMENTUM TELECOM, INC. 401(K) PLAN is $65,149.00
MOMENTUM TELECOM, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MOMENTUM TELECOM, INC. 401(K) PLAN is $4,013.00.
MOMENTUM TELECOM, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MOMENTUM TELECOM, INC. 401(K) PLAN is approximately $1,947.00
Investing in this additonal $1,947.00 for 20 years would give you extra $124,640.00, assuming a 10% annual return.
Investing in this additonal $1,947.00 for 20 years would give you extra $124,640.00, assuming a 10% annual return.
MOMENTUM TELECOM, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MOMENTUM TELECOM, INC. 401(K) PLAN allocates $1,174,349.00 to match its employees' contributions, providing an employer match rate of 49.01% of their contributions
MOMENTUM TELECOM, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MOMENTUM TELECOM, INC. 401(K) PLAN is 27.06%.
MOMENTUM TELECOM, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MOMENTUM TELECOM, INC. 401(K) PLAN is 17.43%. This measures the effectiveness of the plan participants' investments in the year.
MOMENTUM TELECOM, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MOMENTUM TELECOM, INC. 401(K) PLAN is 0.30%.
Enrollment Features
MOMENTUM TELECOM, INC. 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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