THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST
Plan Contact
- Contact person: JOHN VERDICO
- Phone: (847) 267-9330
Plan General Information
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Total Retirement Plan Assets
At the end of 2005, the total retirement plan assets of THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST is $27,829,977.00.This plan was established in 1992.
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2005, the total number of retirement plan participants in THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST is 629
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Average Participant Retirement Account Value
In 2005, the average participant retirement account value for THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST is $44,244.00
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Estimated Average Employee Contribution Amount
In 2005, the estimated average employee contribution amount per participant for THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST is $10,749.00.
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Estimated Average Employer Match
In 2005, the estimated average employer match for an employee in THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST is approximately $583.00
Investing in this additonal $583.00 for 20 years would give you extra $37,365.00, assuming a 10% annual return.
Investing in this additonal $583.00 for 20 years would give you extra $37,365.00, assuming a 10% annual return.
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Total Employer Contribution and Match Rate
In 2005, THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST allocates $367,228.00 to match its employees' contributions, providing an employer match rate of 10.86% of their contributions
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2005, the total retirement plan asset growth rate of THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST is 48.18%.
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2005, the estimated aggregate retirement account investment gain/loss for THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST is 41.82%. This measures the effectiveness of the plan participants' investments in the year.
THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST Expense Ratio
In 2005, the investment and administrative expense ratio of THE OPEN TEXT 401K SALARY REDUCTION PLAN & TRUST is 0.33%.
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