PROVATION SOFTWARE GROUP, INC. 401(K) PLAN

Plan Contact

  • Address: 533 SOUTH 3RD STREET SUITE 300,MINNEAPOLIS,MN
  • Contact person: SUSAN HANSON
  • Phone: (612) 237-7100

Plan General Information

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2020, the total retirement plan assets of PROVATION SOFTWARE GROUP, INC. 401(K) PLAN is $10,085,536.00.This plan was established in 2018.

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2020, the total number of retirement plan participants in PROVATION SOFTWARE GROUP, INC. 401(K) PLAN is 222

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for PROVATION SOFTWARE GROUP, INC. 401(K) PLAN is $45,430.00

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for PROVATION SOFTWARE GROUP, INC. 401(K) PLAN is $15,800.00.

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Estimated Average Employer Match

In 2020, the estimated average employer match for an employee in PROVATION SOFTWARE GROUP, INC. 401(K) PLAN is approximately $2,446.00
Investing in this additonal $2,446.00 for 20 years would give you extra $156,584.00, assuming a 10% annual return.

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2020, PROVATION SOFTWARE GROUP, INC. 401(K) PLAN allocates $543,153.00 to match its employees' contributions, providing an employer match rate of 30.97% of their contributions

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2020, the total retirement plan asset growth rate of PROVATION SOFTWARE GROUP, INC. 401(K) PLAN is 72.07%.

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2020, the estimated aggregate retirement account investment gain/loss for PROVATION SOFTWARE GROUP, INC. 401(K) PLAN is 19.99%. This measures the effectiveness of the plan participants' investments in the year.

PROVATION SOFTWARE GROUP, INC. 401(K) PLAN Expense Ratio

In 2020, the investment and administrative expense ratio of PROVATION SOFTWARE GROUP, INC. 401(K) PLAN is 0.25%.

Enrollment Features

PROVATION SOFTWARE GROUP, INC. 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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