TECHNIP USA, INC. RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 11720 KATY FREEWAY,,HOUSTON,TX
- Contact person: DERZULA AGUILA
- Phone: (281) 870-1111
Plan General Information
TECHNIP USA, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of TECHNIP USA, INC. RETIREMENT SAVINGS PLAN is $299,182,915.00.This plan was established in 2022.
TECHNIP USA, INC. RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in TECHNIP USA, INC. RETIREMENT SAVINGS PLAN is 967
TECHNIP USA, INC. RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for TECHNIP USA, INC. RETIREMENT SAVINGS PLAN is $309,392.00
TECHNIP USA, INC. RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for TECHNIP USA, INC. RETIREMENT SAVINGS PLAN is $7,199.00.
TECHNIP USA, INC. RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in TECHNIP USA, INC. RETIREMENT SAVINGS PLAN is approximately $4,792.00
Investing in this additonal $4,792.00 for 20 years would give you extra $306,688.00, assuming a 10% annual return.
Investing in this additonal $4,792.00 for 20 years would give you extra $306,688.00, assuming a 10% annual return.
TECHNIP USA, INC. RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2021, TECHNIP USA, INC. RETIREMENT SAVINGS PLAN allocates $4,633,875.00 to match its employees' contributions, providing an employer match rate of 66.56% of their contributions
TECHNIP USA, INC. RETIREMENT SAVINGS PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of TECHNIP USA, INC. RETIREMENT SAVINGS PLAN is 0.03%.
Enrollment Features
TECHNIP USA, INC. RETIREMENT 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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