SAVINGS PLAN FOR HOURLY EMPLOYEES
Plan Contact
- Contact person: GEORGE H. MUSKAL, EMPLOYEE BENEFITS
- Phone: (973) 245-6000
Plan General Information
SAVINGS PLAN FOR HOURLY EMPLOYEES Total Retirement Plan Assets
At the end of 2006, the total retirement plan assets of SAVINGS PLAN FOR HOURLY EMPLOYEES is $63,583,425.00.This plan was established in 1991.
SAVINGS PLAN FOR HOURLY EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2006, the total number of retirement plan participants in SAVINGS PLAN FOR HOURLY EMPLOYEES is 1097
SAVINGS PLAN FOR HOURLY EMPLOYEES Average Participant Retirement Account Value
In 2006, the average participant retirement account value for SAVINGS PLAN FOR HOURLY EMPLOYEES is $57,961.00
SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Average Employee Contribution Amount
In 2006, the estimated average employee contribution amount per participant for SAVINGS PLAN FOR HOURLY EMPLOYEES is $7,139.00.
SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Average Employer Match
In 2006, the estimated average employer match for an employee in SAVINGS PLAN FOR HOURLY EMPLOYEES is approximately $1,057.00
Investing in this additonal $1,057.00 for 20 years would give you extra $67,677.00, assuming a 10% annual return.
Investing in this additonal $1,057.00 for 20 years would give you extra $67,677.00, assuming a 10% annual return.
SAVINGS PLAN FOR HOURLY EMPLOYEES Total Employer Contribution and Match Rate
In 2006, SAVINGS PLAN FOR HOURLY EMPLOYEES allocates $1,160,037.00 to match its employees' contributions, providing an employer match rate of 29.62% of their contributions
SAVINGS PLAN FOR HOURLY EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2006, the total retirement plan asset growth rate of SAVINGS PLAN FOR HOURLY EMPLOYEES is 15.38%.
SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2006, the estimated aggregate retirement account investment gain/loss for SAVINGS PLAN FOR HOURLY EMPLOYEES is 17.56%. This measures the effectiveness of the plan participants' investments in the year.
SAVINGS PLAN FOR HOURLY EMPLOYEES Expense Ratio
In 2006, the investment and administrative expense ratio of SAVINGS PLAN FOR HOURLY EMPLOYEES is 0.00%.
Enrollment Features
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