LUMINEX CORPORATION RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 12212 TECHNOLOGY BLVD.,AUSTIN,TX
- Contact person: JOHN HOFFARTH
- Phone: (512) 219-8020
Plan General Information
LUMINEX CORPORATION RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LUMINEX CORPORATION RETIREMENT SAVINGS PLAN is 1490
LUMINEX CORPORATION RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LUMINEX CORPORATION RETIREMENT SAVINGS PLAN is $5,920.00.
LUMINEX CORPORATION RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LUMINEX CORPORATION RETIREMENT SAVINGS PLAN is approximately $2,293.00
Investing in this additonal $2,293.00 for 20 years would give you extra $146,759.00, assuming a 10% annual return.
Investing in this additonal $2,293.00 for 20 years would give you extra $146,759.00, assuming a 10% annual return.
LUMINEX CORPORATION RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, LUMINEX CORPORATION RETIREMENT SAVINGS PLAN allocates $3,416,734.00 to match its employees' contributions, providing an employer match rate of 40.51% of their contributions
Enrollment Features
LUMINEX CORPORATION RETIREMENT 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.
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