SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN
Plan Contact
- Address: 224 SOUTH MICHIGAN AVE, SUITE 1000,CHICAGO,IL
- Contact person: MARK LESNY
- Phone: (312) 360-4285
Plan General Information
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN is $253,381,585.00.This plan was established in 1979.
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN is 2153
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN is $117,687.00
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN is $4,588.00.
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN is approximately $1,380.00
Investing in this additonal $1,380.00 for 20 years would give you extra $88,373.00, assuming a 10% annual return.
Investing in this additonal $1,380.00 for 20 years would give you extra $88,373.00, assuming a 10% annual return.
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN allocates $2,972,941.00 to match its employees' contributions, providing an employer match rate of 31.00% of their contributions
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN is 20.48%.
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN is 21.01%. This measures the effectiveness of the plan participants' investments in the year.
SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SKIDMORE, OWINGS & MERRILL LLP 401(K) SAVINGS PLAN is 0.12%.
Enrollment Features
SKIDMORE, OWINGS & MERRILL LLP 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.
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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