VELODYNE 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 5521 HELLYER AVE,SAN JOSE,CA
- Contact person: MARK WEINSWIG
- Phone: (408) 753-6538
Plan General Information
VELODYNE 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in VELODYNE 401(K) RETIREMENT SAVINGS PLAN is 509
VELODYNE 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for VELODYNE 401(K) RETIREMENT SAVINGS PLAN is $1,415.00.
VELODYNE 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in VELODYNE 401(K) RETIREMENT SAVINGS PLAN is approximately $315.00
Investing in this additonal $315.00 for 20 years would give you extra $20,175.00, assuming a 10% annual return.
Investing in this additonal $315.00 for 20 years would give you extra $20,175.00, assuming a 10% annual return.
VELODYNE 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, VELODYNE 401(K) RETIREMENT SAVINGS PLAN allocates $160,455.00 to match its employees' contributions, providing an employer match rate of 23.57% of their contributions
Enrollment Features
VELODYNE 401(K) RETIREMENT SAVINGS PLAN 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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