VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN
Plan Contact
- Address: 8210 UNIVERSITY EXECUTIVE PARK,,CHARLOTTE,NC
- Contact person: VIKKI WATTS
- Phone: (212) 672-9415
Plan General Information
VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN is $21,865,422.00.This plan was established in 2020.
VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN is 106
VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN is $206,277.00
VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN is $6,871.00.
VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN is approximately $955.00
Investing in this additonal $955.00 for 20 years would give you extra $61,138.00, assuming a 10% annual return.
Investing in this additonal $955.00 for 20 years would give you extra $61,138.00, assuming a 10% annual return.
VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2020, VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN allocates $101,261.00 to match its employees' contributions, providing an employer match rate of 27.80% of their contributions
VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of VERBATIM AMERICAS EMPLOYEE SAVINGS PLAN is 0.13%.
Enrollment Features
VERBATIM AMERICAS EMPLOYEE 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.
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