IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN
Plan Contact
- Address: 50 OLD WEBSTER ROAD,OXFORD,MA
- Contact person: ANNE DOCIMO
- Phone: (508) 373-1100
Plan General Information
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN is $255,246,901.00.This plan was established in 1999.
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN is 2810
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN is $90,835.00
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN is $6,500.00.
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN is approximately $1,960.00
Investing in this additonal $1,960.00 for 20 years would give you extra $125,474.00, assuming a 10% annual return.
Investing in this additonal $1,960.00 for 20 years would give you extra $125,474.00, assuming a 10% annual return.
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN allocates $5,509,129.00 to match its employees' contributions, providing an employer match rate of 31.69% of their contributions
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN is 20.29%.
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN is 18.55%. This measures the effectiveness of the plan participants' investments in the year.
IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN is 0.01%.
Enrollment Features
IPG PHOTONICS CORPORATION 401(K) RETIREMENT 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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