GARMIN INTERNATIONAL, INC. RETIREMENT PLAN
Plan Contact
- Address: 1200 EAST 151ST STREET,OLATHE,KS
- Contact person: RENAE MCDONALD
- Phone: (913) 440-2150
Plan General Information
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GARMIN INTERNATIONAL, INC. RETIREMENT PLAN is $1,784,810,901.00.This plan was established in 1990.
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GARMIN INTERNATIONAL, INC. RETIREMENT PLAN is 8387
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GARMIN INTERNATIONAL, INC. RETIREMENT PLAN is $212,806.00
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GARMIN INTERNATIONAL, INC. RETIREMENT PLAN is $8,179.00.
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GARMIN INTERNATIONAL, INC. RETIREMENT PLAN is approximately $8,389.00
Investing in this additonal $8,389.00 for 20 years would give you extra $536,921.00, assuming a 10% annual return.
Investing in this additonal $8,389.00 for 20 years would give you extra $536,921.00, assuming a 10% annual return.
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, GARMIN INTERNATIONAL, INC. RETIREMENT PLAN allocates $70,361,829.00 to match its employees' contributions, providing an employer match rate of 108.96% of their contributions
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GARMIN INTERNATIONAL, INC. RETIREMENT PLAN is 26.13%.
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GARMIN INTERNATIONAL, INC. RETIREMENT PLAN is 20.36%. This measures the effectiveness of the plan participants' investments in the year.
GARMIN INTERNATIONAL, INC. RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GARMIN INTERNATIONAL, INC. RETIREMENT PLAN is 0.02%.
Enrollment Features
GARMIN INTERNATIONAL, INC. RETIREMENT 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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