HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN
Plan Contact
- Address: 10 N. MARTINGALE ROAD,,SCHAUMBURG,IL
- Contact person: KRISTIN REUSSER
- Phone: (847) 273-4375
Plan General Information
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN is $170,617,065.00.This plan was established in 1987.
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN is 915
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN is $186,466.00
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN is $9,156.00.
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN is approximately $3,694.00
Investing in this additonal $3,694.00 for 20 years would give you extra $236,430.00, assuming a 10% annual return.
Investing in this additonal $3,694.00 for 20 years would give you extra $236,430.00, assuming a 10% annual return.
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN allocates $3,380,223.00 to match its employees' contributions, providing an employer match rate of 44.83% of their contributions
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN is 30.07%.
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN is 23.73%. This measures the effectiveness of the plan participants' investments in the year.
HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HITACHI HIGH-TECH AMERICA, INC. SHARED SAVINGS PLAN is 0.10%.
Enrollment Features
HITACHI HIGH-TECH AMERICA, INC. SHARED 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.
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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