VITEC USA SAVINGS PLAN
Plan Contact
- Address: C/O MORRISON COHEN LLP,,NEW YORK,NY
- Contact person: RUTH SILVA
- Phone: (212) 735-8644
Plan General Information
VITEC USA SAVINGS PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of VITEC USA SAVINGS PLAN is $46,719,736.00.This plan was established in 2022.
VITEC USA SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in VITEC USA SAVINGS PLAN is 493
VITEC USA SAVINGS PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for VITEC USA SAVINGS PLAN is $94,766.00
VITEC USA SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for VITEC USA SAVINGS PLAN is $5,159.00.
VITEC USA SAVINGS PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in VITEC USA SAVINGS PLAN is approximately $1,489.00
Investing in this additonal $1,489.00 for 20 years would give you extra $95,297.00, assuming a 10% annual return.
Investing in this additonal $1,489.00 for 20 years would give you extra $95,297.00, assuming a 10% annual return.
VITEC USA SAVINGS PLAN Total Employer Contribution and Match Rate
In 2021, VITEC USA SAVINGS PLAN allocates $734,090.00 to match its employees' contributions, providing an employer match rate of 28.86% of their contributions
VITEC USA SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of VITEC USA SAVINGS PLAN is 11.51%.
VITEC USA SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for VITEC USA SAVINGS PLAN is 17.12%. This measures the effectiveness of the plan participants' investments in the year.
VITEC USA SAVINGS PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of VITEC USA SAVINGS PLAN is 0.08%.
Enrollment Features
VITEC USA SAVINGS 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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