WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN
Plan Contact
- Address: 750 NORTH COMMONS DRIVE,AURORA,IL
- Contact person: JENIFFER JAYNES
- Phone: (630) 375-4099
Plan General Information
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN is $39,648,826.00.This plan was established in 1990.
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN is 266
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN is $149,055.00
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN is $3,230.00.
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN is approximately $317.00
Investing in this additonal $317.00 for 20 years would give you extra $20,314.00, assuming a 10% annual return.
Investing in this additonal $317.00 for 20 years would give you extra $20,314.00, assuming a 10% annual return.
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN allocates $84,433.00 to match its employees' contributions, providing an employer match rate of 9.42% of their contributions
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN is 15.49%.
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN is 21.12%. This measures the effectiveness of the plan participants' investments in the year.
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) PLAN is 0.19%.
Enrollment Features
WESTELL TECHNOLOGIES, INC. AND SUBSIDIARIES 401(K) 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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