NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN
Plan Contact
- Address: 11107 SUNSET HILLS ROAD SUITE 100,RESTON,VA
- Contact person: CAROLYN BERISH
- Phone: (571) 234-4942
Plan General Information
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN is $29,552,665.00.This plan was established in 2005.
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN is 226
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN is $130,764.00
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN is $8,660.00.
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN is approximately $3,389.00
Investing in this additonal $3,389.00 for 20 years would give you extra $216,908.00, assuming a 10% annual return.
Investing in this additonal $3,389.00 for 20 years would give you extra $216,908.00, assuming a 10% annual return.
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN allocates $765,959.00 to match its employees' contributions, providing an employer match rate of 39.48% of their contributions
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN is 19.82%.
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN is 16.37%. This measures the effectiveness of the plan participants' investments in the year.
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING PLAN is 0.14%.
Enrollment Features
NEOSYSTEMS CORP. EMPLOYEES 401(K) AND PROFIT SHARING 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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