COGNEX CORPORATION EMPLOYEE SAVINGS PLAN
Plan Contact
- Address: ONE VISION DRIVE,NATICK,MA
- Contact person: LORRY VECCHIONE
- Phone: (508) 650-3000
Plan General Information
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of COGNEX CORPORATION EMPLOYEE SAVINGS PLAN is $227,035,363.00.This plan was established in 1991.
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in COGNEX CORPORATION EMPLOYEE SAVINGS PLAN is 1446
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for COGNEX CORPORATION EMPLOYEE SAVINGS PLAN is $157,009.00
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for COGNEX CORPORATION EMPLOYEE SAVINGS PLAN is $9,135.00.
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in COGNEX CORPORATION EMPLOYEE SAVINGS PLAN is approximately $2,654.00
Investing in this additonal $2,654.00 for 20 years would give you extra $169,858.00, assuming a 10% annual return.
Investing in this additonal $2,654.00 for 20 years would give you extra $169,858.00, assuming a 10% annual return.
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, COGNEX CORPORATION EMPLOYEE SAVINGS PLAN allocates $3,837,741.00 to match its employees' contributions, providing an employer match rate of 32.13% of their contributions
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of COGNEX CORPORATION EMPLOYEE SAVINGS PLAN is 20.85%.
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for COGNEX CORPORATION EMPLOYEE SAVINGS PLAN is 19.80%. This measures the effectiveness of the plan participants' investments in the year.
COGNEX CORPORATION EMPLOYEE SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of COGNEX CORPORATION EMPLOYEE SAVINGS PLAN is 0.12%.
Enrollment Features
COGNEX CORPORATION 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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