IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN
Plan Contact
- Address: P.O. BOX 70, 1221 W IDAHO ST,BOISE,ID
- Contact person: SARAH E GRIFFIN
- Phone: (208) 388-5252
Plan General Information
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN is $794,478,746.00.This plan was established in 1974.
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN is 2769
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN is $286,919.00
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN is $10,563.00.
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN is approximately $3,490.00
Investing in this additonal $3,490.00 for 20 years would give you extra $223,420.00, assuming a 10% annual return.
Investing in this additonal $3,490.00 for 20 years would give you extra $223,420.00, assuming a 10% annual return.
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN allocates $9,666,414.00 to match its employees' contributions, providing an employer match rate of 33.72% of their contributions
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN is 14.53%.
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN is 14.94%. This measures the effectiveness of the plan participants' investments in the year.
IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN is 0.02%.
Enrollment Features
IDAHO POWER COMPANY EMPLOYEE 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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