PARKER RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 6035 PARKLAND BLVD,CLEVELAND,OH
- Contact person: PATRICIA EMOND
- Phone: (216) 896-3000
Plan General Information
PARKER RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PARKER RETIREMENT SAVINGS PLAN is $7,247,087,719.00.This plan was established in 1980.
PARKER RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PARKER RETIREMENT SAVINGS PLAN is 36654
PARKER RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PARKER RETIREMENT SAVINGS PLAN is $197,716.00
PARKER RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PARKER RETIREMENT SAVINGS PLAN is $6,189.00.
PARKER RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PARKER RETIREMENT SAVINGS PLAN is approximately $4,959.00
Investing in this additonal $4,959.00 for 20 years would give you extra $317,376.00, assuming a 10% annual return.
Investing in this additonal $4,959.00 for 20 years would give you extra $317,376.00, assuming a 10% annual return.
PARKER RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, PARKER RETIREMENT SAVINGS PLAN allocates $181,767,195.00 to match its employees' contributions, providing an employer match rate of 84.30% of their contributions
PARKER RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PARKER RETIREMENT SAVINGS PLAN is 21.83%.
PARKER RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PARKER RETIREMENT SAVINGS PLAN is 27.29%. This measures the effectiveness of the plan participants' investments in the year.
PARKER RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PARKER RETIREMENT SAVINGS PLAN is 0.03%.
Enrollment Features
PARKER RETIREMENT SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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