SCOTT ELECTRONICS, INC. 401(K) PLAN

Plan Contact

  • Address: 5 INDUSTRIAL WAY, UNIT 2D,SALEM,NH
  • Phone: (603) 893-2845

Plan General Information

SCOTT ELECTRONICS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of SCOTT ELECTRONICS, INC. 401(K) PLAN is $3,329,843.00.This plan was established in 1996.

SCOTT ELECTRONICS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in SCOTT ELECTRONICS, INC. 401(K) PLAN is 143

SCOTT ELECTRONICS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SCOTT ELECTRONICS, INC. 401(K) PLAN is $23,285.00

SCOTT ELECTRONICS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SCOTT ELECTRONICS, INC. 401(K) PLAN is $1,838.00.

SCOTT ELECTRONICS, INC. 401(K) PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in SCOTT ELECTRONICS, INC. 401(K) PLAN is approximately $722.00
Investing in this additonal $722.00 for 20 years would give you extra $46,248.00, assuming a 10% annual return.

SCOTT ELECTRONICS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2022, SCOTT ELECTRONICS, INC. 401(K) PLAN allocates $103,336.00 to match its employees' contributions, providing an employer match rate of 39.04% of their contributions

SCOTT ELECTRONICS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of SCOTT ELECTRONICS, INC. 401(K) PLAN is -22.67%.

SCOTT ELECTRONICS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for SCOTT ELECTRONICS, INC. 401(K) PLAN is -18.34%. This measures the effectiveness of the plan participants' investments in the year.

SCOTT ELECTRONICS, INC. 401(K) PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of SCOTT ELECTRONICS, INC. 401(K) PLAN is 0.05%.

Enrollment Features

SCOTT ELECTRONICS, INC. 401(K) 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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