AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN
Plan Contact
- Address: 108 CHERRY HILL DRIVE,BEVERLY,MA
- Contact person: JILL FRENETTE
- Phone: (978) 787-4347
Plan General Information
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN is $246,546,907.00.This plan was established in 2001.
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN is 1327
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN is $185,792.00
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN is $9,952.00.
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN is approximately $2,587.00
Investing in this additonal $2,587.00 for 20 years would give you extra $165,580.00, assuming a 10% annual return.
Investing in this additonal $2,587.00 for 20 years would give you extra $165,580.00, assuming a 10% annual return.
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN allocates $3,433,215.00 to match its employees' contributions, providing an employer match rate of 29.28% of their contributions
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN is 21.95%.
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN is 18.83%. This measures the effectiveness of the plan participants' investments in the year.
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN is 0.06%.
Enrollment Features
AXCELIS TECHNOLOGIES, INC. LONG-TERM INVESTMENT PLAN has the following features: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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