SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 8 ESSEX CENTER DR,,PEABODY,MA
- Contact person: ANGELA CAULEY
- Phone: (978) 739-4200
Plan General Information
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN is $35,851,111.00.This plan was established in 1988.
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN is 594
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN is $60,355.00
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN is $6,784.00.
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN is approximately $1,661.00
Investing in this additonal $1,661.00 for 20 years would give you extra $106,319.00, assuming a 10% annual return.
Investing in this additonal $1,661.00 for 20 years would give you extra $106,319.00, assuming a 10% annual return.
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN allocates $986,775.00 to match its employees' contributions, providing an employer match rate of 24.73% of their contributions
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN is 23.79%.
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN is 19.15%. This measures the effectiveness of the plan participants' investments in the year.
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING PLAN is 0.24%.
Enrollment Features
SUMARIA SYSTEMS, LLC 401(K) PROFIT SHARING 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.
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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