EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES
Plan Contact
- Address: P.O BOX 982 - LOCATION 165,EL PASO,TX
- Contact person: VICTOR RUEDA
- Phone: (915) 543-5985
Plan General Information
EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES is 428
EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES is $8,413.00.
EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES is approximately $4,281.00
Investing in this additonal $4,281.00 for 20 years would give you extra $274,019.00, assuming a 10% annual return.
Investing in this additonal $4,281.00 for 20 years would give you extra $274,019.00, assuming a 10% annual return.
EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES Total Employer Contribution and Match Rate
In 2022, EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES allocates $1,832,505.00 to match its employees' contributions, providing an employer match rate of 48.78% of their contributions
Enrollment Features
EL PASO ELECTRIC COMPANY SAVINGS PLAN FOR COLLECTIVE BARGAINING EMPLOYEES 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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