QUALTEK SERVICES RETIREMENT PLAN
Plan Contact
- Address: 475 SENTRY PKWY E, SUITE 200,BLUE BELL,PA
- Contact person: KRISTIE ORTIZ
- Phone: (484) 804-4553
Plan General Information
QUALTEK SERVICES RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of QUALTEK SERVICES RETIREMENT PLAN is $26,005,929.00.This plan was established in 2016.
QUALTEK SERVICES RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in QUALTEK SERVICES RETIREMENT PLAN is 1781
QUALTEK SERVICES RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for QUALTEK SERVICES RETIREMENT PLAN is $14,601.00
QUALTEK SERVICES RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for QUALTEK SERVICES RETIREMENT PLAN is $2,458.00.
QUALTEK SERVICES RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in QUALTEK SERVICES RETIREMENT PLAN is approximately $1,164.00
Investing in this additonal $1,164.00 for 20 years would give you extra $74,498.00, assuming a 10% annual return.
Investing in this additonal $1,164.00 for 20 years would give you extra $74,498.00, assuming a 10% annual return.
QUALTEK SERVICES RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, QUALTEK SERVICES RETIREMENT PLAN allocates $2,073,163.00 to match its employees' contributions, providing an employer match rate of 41.58% of their contributions
QUALTEK SERVICES RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of QUALTEK SERVICES RETIREMENT PLAN is 28.47%.
QUALTEK SERVICES RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for QUALTEK SERVICES RETIREMENT PLAN is 17.55%. This measures the effectiveness of the plan participants' investments in the year.
QUALTEK SERVICES RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of QUALTEK SERVICES RETIREMENT PLAN is 0.39%.
Enrollment Features
QUALTEK SERVICES RETIREMENT 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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