FLUENCE SAVINGS PLAN
Plan Contact
- Address: 4601 FAIRFAX DR STE 600,ARLINGTON,VA
- Contact person: PAMELA MELLOR
- Phone: (703) 721-8841
Plan General Information
FLUENCE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FLUENCE SAVINGS PLAN is $57,662,570.00.This plan was established in 2018.
FLUENCE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FLUENCE SAVINGS PLAN is 644
FLUENCE SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FLUENCE SAVINGS PLAN is $89,538.00
FLUENCE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FLUENCE SAVINGS PLAN is $18,837.00.
FLUENCE SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FLUENCE SAVINGS PLAN is approximately $6,936.00
Investing in this additonal $6,936.00 for 20 years would give you extra $443,935.00, assuming a 10% annual return.
Investing in this additonal $6,936.00 for 20 years would give you extra $443,935.00, assuming a 10% annual return.
FLUENCE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, FLUENCE SAVINGS PLAN allocates $4,467,103.00 to match its employees' contributions, providing an employer match rate of 56.13% of their contributions
FLUENCE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FLUENCE SAVINGS PLAN is 49.22%.
FLUENCE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FLUENCE SAVINGS PLAN is 19.04%. This measures the effectiveness of the plan participants' investments in the year.
FLUENCE SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FLUENCE SAVINGS PLAN is 0.06%.
Enrollment Features
FLUENCE 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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