THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC
Plan Contact
- Address: 2301 SILVERVILLE ROAD,FREEPORT,PA
- Contact person: JEFFREY MATTIUZ
- Phone: (724) 235-6213
Plan General Information
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC is $102,483,215.00.This plan was established in 1974.
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC is 881
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC is $116,326.00
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC is $4,120.00.
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC is approximately $3,806.00
Investing in this additonal $3,806.00 for 20 years would give you extra $243,613.00, assuming a 10% annual return.
Investing in this additonal $3,806.00 for 20 years would give you extra $243,613.00, assuming a 10% annual return.
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Total Employer Contribution and Match Rate
In 2023, THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC allocates $3,353,495.00 to match its employees' contributions, providing an employer match rate of 88.70% of their contributions
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC is 11.80%.
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC is 15.76%. This measures the effectiveness of the plan participants' investments in the year.
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC Expense Ratio
In 2023, the investment and administrative expense ratio of THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC is 0.13%.
Enrollment Features
THE SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF OBERG INDUSTRIES LLC 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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