SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 309 S FRONT ST,MARQUETTE,MI
- Contact person: JAMES SOCHA
- Phone: (906) 228-6492
Plan General Information
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN is $8,281,753.00.This plan was established in 1997.
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN is 275
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN is $30,115.00
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN is $1,176.00.
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN is approximately $842.00
Investing in this additonal $842.00 for 20 years would give you extra $53,937.00, assuming a 10% annual return.
Investing in this additonal $842.00 for 20 years would give you extra $53,937.00, assuming a 10% annual return.
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN allocates $231,762.00 to match its employees' contributions, providing an employer match rate of 70.08% of their contributions
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN is 11.19%.
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN is 15.96%. This measures the effectiveness of the plan participants' investments in the year.
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN is 0.66%.
Enrollment Features
SATELLITE SERVICES, INC. 401(K) PROFIT SHARING 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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