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ONTO INNOVATION, INC. 401(K) SAVINGS PLAN

Plan Contact

  • Address: PO BOX 860,BUDD LAKE,NJ
  • Contact person: ERICH LECHMAN
  • Phone: (973) 448-4310

Plan General Information

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ONTO INNOVATION, INC. 401(K) SAVINGS PLAN is $230,831,290.00.This plan was established in 1983.

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ONTO INNOVATION, INC. 401(K) SAVINGS PLAN is 1417

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ONTO INNOVATION, INC. 401(K) SAVINGS PLAN is $162,901.00

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ONTO INNOVATION, INC. 401(K) SAVINGS PLAN is $10,546.00.

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ONTO INNOVATION, INC. 401(K) SAVINGS PLAN is approximately $1,993.00
Investing in this additonal $1,993.00 for 20 years would give you extra $127,570.00, assuming a 10% annual return.

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, ONTO INNOVATION, INC. 401(K) SAVINGS PLAN allocates $2,824,482.00 to match its employees' contributions, providing an employer match rate of 20.89% of their contributions

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ONTO INNOVATION, INC. 401(K) SAVINGS PLAN is 21.00%.

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ONTO INNOVATION, INC. 401(K) SAVINGS PLAN is 17.91%. This measures the effectiveness of the plan participants' investments in the year.

ONTO INNOVATION, INC. 401(K) SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of ONTO INNOVATION, INC. 401(K) SAVINGS PLAN is 0.00%.

Enrollment Features

ONTO INNOVATION, INC. 401(K) 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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