ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN
Plan Contact
- Address: 216 AIRPORT DRIVE,ROCHESTER,NH
- Contact person: PHILOMENA PITTS
- Phone: (518) 445-2200
Plan General Information
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN is $447,510,354.00.This plan was established in 1998.
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN is 2792
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN is $160,283.00
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN is $10,711.00.
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN is approximately $4,321.00
Investing in this additonal $4,321.00 for 20 years would give you extra $276,561.00, assuming a 10% annual return.
Investing in this additonal $4,321.00 for 20 years would give you extra $276,561.00, assuming a 10% annual return.
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN allocates $12,064,979.00 to match its employees' contributions, providing an employer match rate of 80.69% of their contributions
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN is 12.30%.
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN is 16.09%. This measures the effectiveness of the plan participants' investments in the year.
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PLAN is 0.08%.
Enrollment Features
ALBANY INTERNATIONAL CORP. PROSPERITY PLUS 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.
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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