THERMON INC. 401(K) PLAN

Plan Contact

  • Address: 100 THERMON DRIVE,,SAN MARCOS,TX
  • Contact person: BRITT GARNER
  • Phone: (512) 369-5801

Plan General Information

THERMON INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of THERMON INC. 401(K) PLAN is $57,579,542.00.This plan was established in 1985.

THERMON INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in THERMON INC. 401(K) PLAN is 629

THERMON INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for THERMON INC. 401(K) PLAN is $91,541.00

THERMON INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for THERMON INC. 401(K) PLAN is $12,344.00.

THERMON INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in THERMON INC. 401(K) PLAN is approximately $2,887.00
Investing in this additonal $2,887.00 for 20 years would give you extra $184,830.00, assuming a 10% annual return.

THERMON INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, THERMON INC. 401(K) PLAN allocates $1,816,537.00 to match its employees' contributions, providing an employer match rate of 46.79% of their contributions

THERMON INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of THERMON INC. 401(K) PLAN is 26.71%.

THERMON INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for THERMON INC. 401(K) PLAN is 18.27%. This measures the effectiveness of the plan participants' investments in the year.

THERMON INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of THERMON INC. 401(K) PLAN is 0.20%.

Enrollment Features

THERMON INC. 401(K) 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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