TEKNOR SAVINGS PLUS PLAN
Plan Contact
- Address: 505 CENTRAL AVENUE,PAWTUCKET,RI
- Contact person: LANEY BEDWELL
- Phone: (401) 725-8000
Plan General Information
TEKNOR SAVINGS PLUS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TEKNOR SAVINGS PLUS PLAN is $243,336,550.00.This plan was established in 1989.
TEKNOR SAVINGS PLUS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TEKNOR SAVINGS PLUS PLAN is 2198
TEKNOR SAVINGS PLUS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TEKNOR SAVINGS PLUS PLAN is $110,708.00
TEKNOR SAVINGS PLUS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TEKNOR SAVINGS PLUS PLAN is $5,605.00.
TEKNOR SAVINGS PLUS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TEKNOR SAVINGS PLUS PLAN is approximately $3,101.00
Investing in this additonal $3,101.00 for 20 years would give you extra $198,520.00, assuming a 10% annual return.
Investing in this additonal $3,101.00 for 20 years would give you extra $198,520.00, assuming a 10% annual return.
TEKNOR SAVINGS PLUS PLAN Total Employer Contribution and Match Rate
In 2023, TEKNOR SAVINGS PLUS PLAN allocates $6,817,943.00 to match its employees' contributions, providing an employer match rate of 58.55% of their contributions
TEKNOR SAVINGS PLUS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TEKNOR SAVINGS PLUS PLAN is 16.33%.
TEKNOR SAVINGS PLUS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TEKNOR SAVINGS PLUS PLAN is 20.97%. This measures the effectiveness of the plan participants' investments in the year.
TEKNOR SAVINGS PLUS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of TEKNOR SAVINGS PLUS PLAN is 0.15%.
Enrollment Features
TEKNOR SAVINGS PLUS 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.
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