SAMTEC, INCORPORATED RETIREMENT PLAN
Plan Contact
- Address: 520 PARK EAST BLVD,NEW ALBANY,IN
- Phone: (812) 944-6733
Plan General Information
SAMTEC, INCORPORATED RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SAMTEC, INCORPORATED RETIREMENT PLAN is $512,078,885.00.This plan was established in 1978.
SAMTEC, INCORPORATED RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SAMTEC, INCORPORATED RETIREMENT PLAN is 2706
SAMTEC, INCORPORATED RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SAMTEC, INCORPORATED RETIREMENT PLAN is $189,238.00
SAMTEC, INCORPORATED RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SAMTEC, INCORPORATED RETIREMENT PLAN is $6,936.00.
SAMTEC, INCORPORATED RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SAMTEC, INCORPORATED RETIREMENT PLAN is approximately $8,632.00
Investing in this additonal $8,632.00 for 20 years would give you extra $552,455.00, assuming a 10% annual return.
Investing in this additonal $8,632.00 for 20 years would give you extra $552,455.00, assuming a 10% annual return.
SAMTEC, INCORPORATED RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, SAMTEC, INCORPORATED RETIREMENT PLAN allocates $23,358,499.00 to match its employees' contributions, providing an employer match rate of 141.68% of their contributions
SAMTEC, INCORPORATED RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SAMTEC, INCORPORATED RETIREMENT PLAN is 22.99%.
SAMTEC, INCORPORATED RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SAMTEC, INCORPORATED RETIREMENT PLAN is 17.60%. This measures the effectiveness of the plan participants' investments in the year.
SAMTEC, INCORPORATED RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SAMTEC, INCORPORATED RETIREMENT PLAN is 0.01%.
Enrollment Features
SAMTEC, INCORPORATED 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.
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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