Veramark Technologies, Inc.
71
Plan:
Veramark Technologies, Inc. 401k Plan
15
72
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (71) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $73,500 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
Veramark Technologies, Inc. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 71. This plan is in the top 15% of plans for Salary Deferral and Total Plan Cost. Veramark Technologies, Inc. 401k Plan currently has over 100 active participants and over $5.1M in plan assets.
Retirement Plan Details
| Address |
None
Pittsford, NY 14534 |
| Industry | Custom Computer Programming Services |
| Administrator | Renee F. Peters |
| Sponsor | Ronald C. Lundy |
| Net Plan Assets | $5,080,000 |
| Total Participants | 140 |
| Avg Account Balance | $37,000 |
Compare Other Companies in Peer Group
| Jacada | 77.2 |
| Gemini Systems | 74.3 |
| Catapult Systems | 74.0 |
| Microsoft Carribean | 69.5 |
| Microsoft Operations Puerto Rico, LLC | 57.1 |
| R Systems | 53.0 |
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