SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP

Plan Contact

  • Address: 2604 FORT BRAGG ROAD,FAYETTEVILLE,NC
  • Phone: (910) 321-7773

Plan General Information

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP is $15,881,140.00.This plan was established in 1993.

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP is 264

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP is $60,155.00

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP is $2,838.00.

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP is approximately $471.00
Investing in this additonal $471.00 for 20 years would give you extra $30,168.00, assuming a 10% annual return.

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Total Employer Contribution and Match Rate

In 2023, SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP allocates $124,447.00 to match its employees' contributions, providing an employer match rate of 16.42% of their contributions

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP is 16.97%.

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP is 15.55%. This measures the effectiveness of the plan participants' investments in the year.

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP Expense Ratio

In 2023, the investment and administrative expense ratio of SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP is 0.29%.

Enrollment Features

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP 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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