PARAMARK CORP. 401(K) PLAN
Plan Contact
- Address: 7392 AIRPORT VIEW DRIVE SW,ROCHESTER,MN
- Contact person: JESSE LAMBRECHT
- Phone: (507) 285-5082
Plan General Information
PARAMARK CORP. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PARAMARK CORP. 401(K) PLAN is $1,463,153.00.This plan was established in 2018.
PARAMARK CORP. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PARAMARK CORP. 401(K) PLAN is 143
PARAMARK CORP. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PARAMARK CORP. 401(K) PLAN is $10,231.00
PARAMARK CORP. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PARAMARK CORP. 401(K) PLAN is $2,632.00.
PARAMARK CORP. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PARAMARK CORP. 401(K) PLAN is approximately $798.00
Investing in this additonal $798.00 for 20 years would give you extra $51,127.00, assuming a 10% annual return.
Investing in this additonal $798.00 for 20 years would give you extra $51,127.00, assuming a 10% annual return.
PARAMARK CORP. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, PARAMARK CORP. 401(K) PLAN allocates $114,237.00 to match its employees' contributions, providing an employer match rate of 32.03% of their contributions
PARAMARK CORP. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PARAMARK CORP. 401(K) PLAN is 52.03%.
PARAMARK CORP. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PARAMARK CORP. 401(K) PLAN is 16.70%. This measures the effectiveness of the plan participants' investments in the year.
PARAMARK CORP. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PARAMARK CORP. 401(K) PLAN is 1.78%.
Enrollment Features
PARAMARK CORP. 401(K) 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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