CALAMP CORP. EMPLOYEES SAVINGS PLAN

Plan Contact

  • Address: 2200 FARADAY AVENUE,,CARLSBAD,CA
  • Contact person: SUSAN HELLING
  • Phone: (469) 501-6531

Plan General Information

CALAMP CORP. EMPLOYEES SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of CALAMP CORP. EMPLOYEES SAVINGS PLAN is $73,843,729.00.This plan was established in 1995.

CALAMP CORP. EMPLOYEES SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in CALAMP CORP. EMPLOYEES SAVINGS PLAN is 862

CALAMP CORP. EMPLOYEES SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CALAMP CORP. EMPLOYEES SAVINGS PLAN is $85,665.00

CALAMP CORP. EMPLOYEES SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CALAMP CORP. EMPLOYEES SAVINGS PLAN is $3,369.00.

CALAMP CORP. EMPLOYEES SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in CALAMP CORP. EMPLOYEES SAVINGS PLAN is approximately $1,304.00
Investing in this additonal $1,304.00 for 20 years would give you extra $83,464.00, assuming a 10% annual return.

CALAMP CORP. EMPLOYEES SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, CALAMP CORP. EMPLOYEES SAVINGS PLAN allocates $1,124,166.00 to match its employees' contributions, providing an employer match rate of 36.99% of their contributions

CALAMP CORP. EMPLOYEES SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of CALAMP CORP. EMPLOYEES SAVINGS PLAN is 3.88%.

CALAMP CORP. EMPLOYEES SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for CALAMP CORP. EMPLOYEES SAVINGS PLAN is 16.92%. This measures the effectiveness of the plan participants' investments in the year.

CALAMP CORP. EMPLOYEES SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of CALAMP CORP. EMPLOYEES SAVINGS PLAN is 0.14%.

Enrollment Features

CALAMP CORP. EMPLOYEES 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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