IEC ELECTRONICS SAVINGS & SECURITY PLAN
Plan Contact
- Address: 105 NORTON STREET,NEWARK,NY
- Contact person: JENNIFER BROWN
- Phone: (315) 331-7742
Plan General Information
IEC ELECTRONICS SAVINGS & SECURITY PLAN Total Retirement Plan Assets
At the end of 2017, the total retirement plan assets of IEC ELECTRONICS SAVINGS & SECURITY PLAN is $15,994,732.00.This plan was established in 1985.
IEC ELECTRONICS SAVINGS & SECURITY PLAN Total Number of Retirement Plan Participants
At the end of 2017, the total number of retirement plan participants in IEC ELECTRONICS SAVINGS & SECURITY PLAN is 734
IEC ELECTRONICS SAVINGS & SECURITY PLAN Average Participant Retirement Account Value
In 2017, the average participant retirement account value for IEC ELECTRONICS SAVINGS & SECURITY PLAN is $21,791.00
IEC ELECTRONICS SAVINGS & SECURITY PLAN Estimated Average Employee Contribution Amount
In 2017, the estimated average employee contribution amount per participant for IEC ELECTRONICS SAVINGS & SECURITY PLAN is $3,705.00.
IEC ELECTRONICS SAVINGS & SECURITY PLAN Estimated Average Employer Match
In 2017, the estimated average employer match for an employee in IEC ELECTRONICS SAVINGS & SECURITY PLAN is approximately $243.00
Investing in this additonal $243.00 for 20 years would give you extra $15,574.00, assuming a 10% annual return.
Investing in this additonal $243.00 for 20 years would give you extra $15,574.00, assuming a 10% annual return.
IEC ELECTRONICS SAVINGS & SECURITY PLAN Total Employer Contribution and Match Rate
In 2017, IEC ELECTRONICS SAVINGS & SECURITY PLAN allocates $178,617.00 to match its employees' contributions, providing an employer match rate of 13.13% of their contributions
IEC ELECTRONICS SAVINGS & SECURITY PLAN Total Retirement Plan Asset Growth Rate
In 2017, the total retirement plan asset growth rate of IEC ELECTRONICS SAVINGS & SECURITY PLAN is 5.76%.
IEC ELECTRONICS SAVINGS & SECURITY PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2017, the estimated aggregate retirement account investment gain/loss for IEC ELECTRONICS SAVINGS & SECURITY PLAN is 10.47%. This measures the effectiveness of the plan participants' investments in the year.
IEC ELECTRONICS SAVINGS & SECURITY PLAN Expense Ratio
In 2017, the investment and administrative expense ratio of IEC ELECTRONICS SAVINGS & SECURITY PLAN is 0.03%.
Enrollment Features
IEC ELECTRONICS SAVINGS & SECURITY 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.
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