FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN
Plan Contact
- Address: 100 INTERPACE PARKWAY,PARSIPPANY,NJ
- Contact person: DAWN LOCICERO
- Phone: (973) 796-1600
Plan General Information
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN is $201,722,786.00.This plan was established in 1997.
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN is 1422
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN is $141,858.00
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN is $17,397.00.
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN is approximately $4,571.00
Investing in this additonal $4,571.00 for 20 years would give you extra $292,580.00, assuming a 10% annual return.
Investing in this additonal $4,571.00 for 20 years would give you extra $292,580.00, assuming a 10% annual return.
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN allocates $6,500,772.00 to match its employees' contributions, providing an employer match rate of 52.55% of their contributions
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN is 25.90%.
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN is 19.35%. This measures the effectiveness of the plan participants' investments in the year.
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FERRING PHARMACEUTICALS INC. 401(K) SAVINGS PLAN is 0.01%.
Enrollment Features
FERRING PHARMACEUTICALS INC. 401(K) SAVINGS 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.
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