ENEL NORTH AMERICA, INC. 401(K) PLAN

Plan Contact

  • Address: 100 BRICKSTONE SQUARE,,ANDOVER,MA
  • Contact person: MIGUEL LI PUMA
  • Phone: (978) 681-1900

Plan General Information

ENEL NORTH AMERICA, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ENEL NORTH AMERICA, INC. 401(K) PLAN is $195,541,446.00.This plan was established in 2004.

ENEL NORTH AMERICA, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ENEL NORTH AMERICA, INC. 401(K) PLAN is 2634

ENEL NORTH AMERICA, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ENEL NORTH AMERICA, INC. 401(K) PLAN is $74,237.00

ENEL NORTH AMERICA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ENEL NORTH AMERICA, INC. 401(K) PLAN is $13,365.00.

ENEL NORTH AMERICA, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ENEL NORTH AMERICA, INC. 401(K) PLAN is approximately $3,279.00
Investing in this additonal $3,279.00 for 20 years would give you extra $209,857.00, assuming a 10% annual return.

ENEL NORTH AMERICA, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, ENEL NORTH AMERICA, INC. 401(K) PLAN allocates $8,636,952.00 to match its employees' contributions, providing an employer match rate of 49.07% of their contributions

ENEL NORTH AMERICA, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ENEL NORTH AMERICA, INC. 401(K) PLAN is 28.59%.

ENEL NORTH AMERICA, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ENEL NORTH AMERICA, INC. 401(K) PLAN is 18.79%. This measures the effectiveness of the plan participants' investments in the year.

ENEL NORTH AMERICA, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of ENEL NORTH AMERICA, INC. 401(K) PLAN is 0.14%.

Enrollment Features

ENEL NORTH AMERICA, INC. 401(K) 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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