HERMETIC SWITCH SAVINGS INCENTIVE PLAN
Plan Contact
- Address: 3100 S NORGE RD,CHICKASHA,OK
- Contact person: MICHELLE RAGAN
- Phone: (405) 224-4046
Plan General Information
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HERMETIC SWITCH SAVINGS INCENTIVE PLAN is $2,351,289.00.This plan was established in 1995.
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HERMETIC SWITCH SAVINGS INCENTIVE PLAN is 159
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HERMETIC SWITCH SAVINGS INCENTIVE PLAN is $14,787.00
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HERMETIC SWITCH SAVINGS INCENTIVE PLAN is $889.00.
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HERMETIC SWITCH SAVINGS INCENTIVE PLAN is approximately $87.00
Investing in this additonal $87.00 for 20 years would give you extra $5,568.00, assuming a 10% annual return.
Investing in this additonal $87.00 for 20 years would give you extra $5,568.00, assuming a 10% annual return.
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Total Employer Contribution and Match Rate
In 2023, HERMETIC SWITCH SAVINGS INCENTIVE PLAN allocates $13,835.00 to match its employees' contributions, providing an employer match rate of 10.00% of their contributions
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HERMETIC SWITCH SAVINGS INCENTIVE PLAN is -14.38%.
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HERMETIC SWITCH SAVINGS INCENTIVE PLAN is -15.98%. This measures the effectiveness of the plan participants' investments in the year.
HERMETIC SWITCH SAVINGS INCENTIVE PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HERMETIC SWITCH SAVINGS INCENTIVE PLAN is 1.65%.
Enrollment Features
HERMETIC SWITCH SAVINGS INCENTIVE PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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