GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM
Plan Contact
- Address: 24 INDUSTRIAL PARK ROAD WEST,TOLLAND,CT
- Contact person: KAREN L. WATSON
- Phone: (860) 871-8082
Plan General Information
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Total Retirement Plan Assets
At the end of 2015, the total retirement plan assets of GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM is $73,326,183.00.This plan was established in 1985.
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Total Number of Retirement Plan Participants
At the end of 2015, the total number of retirement plan participants in GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM is 658
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Average Participant Retirement Account Value
In 2015, the average participant retirement account value for GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM is $111,437.00
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Estimated Average Employee Contribution Amount
In 2015, the estimated average employee contribution amount per participant for GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM is $8,395.00.
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Estimated Average Employer Match
In 2015, the estimated average employer match for an employee in GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM is approximately $1,318.00
Investing in this additonal $1,318.00 for 20 years would give you extra $84,352.00, assuming a 10% annual return.
Investing in this additonal $1,318.00 for 20 years would give you extra $84,352.00, assuming a 10% annual return.
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Total Employer Contribution and Match Rate
In 2015, GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM allocates $867,254.00 to match its employees' contributions, providing an employer match rate of 31.40% of their contributions
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Total Retirement Plan Asset Growth Rate
In 2015, the total retirement plan asset growth rate of GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM is -1.71%.
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Estimated Aggregate Retirement Account Investment Gain/Loss
In 2015, the estimated aggregate retirement account investment gain/loss for GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM is -0.01%. This measures the effectiveness of the plan participants' investments in the year.
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM Expense Ratio
In 2015, the investment and administrative expense ratio of GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM is 0.02%.
Enrollment Features
GERBER SCIENTIFIC, INC. AND PARTICIPATING SUBSIDIARIES 401(K) MAXIMUM ADVANTAGE PROGRAM 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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