VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN
Plan Contact
- Address: 2744 UNIVERSITY DRIVE,CORAL SPRINGS,FL
- Contact person: RACHEL ANSTAETT
- Phone: (800) 873-4366
Plan General Information
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN is $167,428,348.00.This plan was established in 2001.
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN is 1467
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN is $114,129.00
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN is $4,208.00.
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN is approximately $1,884.00
Investing in this additonal $1,884.00 for 20 years would give you extra $120,630.00, assuming a 10% annual return.
Investing in this additonal $1,884.00 for 20 years would give you extra $120,630.00, assuming a 10% annual return.
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN allocates $2,765,087.00 to match its employees' contributions, providing an employer match rate of 43.51% of their contributions
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN is 15.41%.
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN is 20.24%. This measures the effectiveness of the plan participants' investments in the year.
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT PLAN is 0.09%.
Enrollment Features
VERIFONE, INC. 401(K) RETIREMENT SAVINGS & INVESTMENT 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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