UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN
Plan Contact
- Contact person: STEVEN E BENDER
- Phone: (212) 921-2200
Plan General Information
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2006, the total retirement plan assets of UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN is $5,546,332.00.This plan was established in 1996.
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2006, the total number of retirement plan participants in UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN is 604
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value
In 2006, the average participant retirement account value for UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN is $9,182.00
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2006, the estimated average employee contribution amount per participant for UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN is $4,045.00.
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match
In 2006, the estimated average employer match for an employee in UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN is approximately $11.00
Investing in this additonal $11.00 for 20 years would give you extra $742.00, assuming a 10% annual return.
Investing in this additonal $11.00 for 20 years would give you extra $742.00, assuming a 10% annual return.
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2006, UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN allocates $7,012.00 to match its employees' contributions, providing an employer match rate of 0.57% of their contributions
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2006, the total retirement plan asset growth rate of UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN is 27.41%.
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2006, the estimated aggregate retirement account investment gain/loss for UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN is 12.23%. This measures the effectiveness of the plan participants' investments in the year.
UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN Expense Ratio
In 2006, the investment and administrative expense ratio of UPDATE INC., 401K SAVINGS AND RETIREMENT PLAN is 0.44%.
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