NEXEN SAVINGS PLAN
Plan Contact
- Address: 5601 GRANITE PARKWAY, SUITE 1400,PLANO,TX
- Contact person: MICHAEL O'HARE
- Phone: (972) 450-4721
Plan General Information
NEXEN SAVINGS PLAN Total Retirement Plan Assets
At the end of 2009, the total retirement plan assets of NEXEN SAVINGS PLAN is $75,673,108.00.This plan was established in 1988.
NEXEN SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2009, the total number of retirement plan participants in NEXEN SAVINGS PLAN is 399
NEXEN SAVINGS PLAN Average Participant Retirement Account Value
In 2009, the average participant retirement account value for NEXEN SAVINGS PLAN is $189,656.00
NEXEN SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2009, the estimated average employee contribution amount per participant for NEXEN SAVINGS PLAN is $16,444.00.
NEXEN SAVINGS PLAN Estimated Average Employer Match
In 2009, the estimated average employer match for an employee in NEXEN SAVINGS PLAN is approximately $5,503.00
Investing in this additonal $5,503.00 for 20 years would give you extra $352,248.00, assuming a 10% annual return.
Investing in this additonal $5,503.00 for 20 years would give you extra $352,248.00, assuming a 10% annual return.
NEXEN SAVINGS PLAN Total Employer Contribution and Match Rate
In 2009, NEXEN SAVINGS PLAN allocates $2,196,049.00 to match its employees' contributions, providing an employer match rate of 66.94% of their contributions
NEXEN SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2009, the total retirement plan asset growth rate of NEXEN SAVINGS PLAN is 95.41%.
NEXEN SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2009, the estimated aggregate retirement account investment gain/loss for NEXEN SAVINGS PLAN is 85.66%. This measures the effectiveness of the plan participants' investments in the year.
NEXEN SAVINGS PLAN Expense Ratio
In 2009, the investment and administrative expense ratio of NEXEN SAVINGS PLAN is 0.01%.
Enrollment Features
NEXEN SAVINGS 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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