FORBO USA RETIREMENT PLAN

Plan Contact

  • Address: 8 MAPLEWOOD DRIVE,HAZLE TWP.,PA
  • Contact person: LORI OPIARY
  • Phone: (570) 450-0222

Plan General Information

FORBO USA RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of FORBO USA RETIREMENT PLAN is $27,968,998.00.This plan was established in 1997.

FORBO USA RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in FORBO USA RETIREMENT PLAN is 249

FORBO USA RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for FORBO USA RETIREMENT PLAN is $112,325.00

FORBO USA RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for FORBO USA RETIREMENT PLAN is $5,276.00.

FORBO USA RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in FORBO USA RETIREMENT PLAN is approximately $3,917.00
Investing in this additonal $3,917.00 for 20 years would give you extra $250,694.00, assuming a 10% annual return.

FORBO USA RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, FORBO USA RETIREMENT PLAN allocates $975,357.00 to match its employees' contributions, providing an employer match rate of 73.65% of their contributions

FORBO USA RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of FORBO USA RETIREMENT PLAN is 11.42%.

FORBO USA RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for FORBO USA RETIREMENT PLAN is 14.77%. This measures the effectiveness of the plan participants' investments in the year.

FORBO USA RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of FORBO USA RETIREMENT PLAN is 0.05%.

Enrollment Features

FORBO USA RETIREMENT 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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