LUMMUS TECHNOLOGY SAVINGS PLAN
Plan Contact
- Address: 1515 BROAD ST,BLOOMFIELD,NJ
- Contact person: MICHELE GIAQUINTO
- Phone: (973) 893-1515
Plan General Information
LUMMUS TECHNOLOGY SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LUMMUS TECHNOLOGY SAVINGS PLAN is $90,988,721.00.This plan was established in 2020.
LUMMUS TECHNOLOGY SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LUMMUS TECHNOLOGY SAVINGS PLAN is 567
LUMMUS TECHNOLOGY SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LUMMUS TECHNOLOGY SAVINGS PLAN is $160,473.00
LUMMUS TECHNOLOGY SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LUMMUS TECHNOLOGY SAVINGS PLAN is $14,918.00.
LUMMUS TECHNOLOGY SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LUMMUS TECHNOLOGY SAVINGS PLAN is approximately $8,319.00
Investing in this additonal $8,319.00 for 20 years would give you extra $532,453.00, assuming a 10% annual return.
Investing in this additonal $8,319.00 for 20 years would give you extra $532,453.00, assuming a 10% annual return.
LUMMUS TECHNOLOGY SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, LUMMUS TECHNOLOGY SAVINGS PLAN allocates $4,717,209.00 to match its employees' contributions, providing an employer match rate of 57.08% of their contributions
LUMMUS TECHNOLOGY SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LUMMUS TECHNOLOGY SAVINGS PLAN is 40.36%.
LUMMUS TECHNOLOGY SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LUMMUS TECHNOLOGY SAVINGS PLAN is 19.70%. This measures the effectiveness of the plan participants' investments in the year.
LUMMUS TECHNOLOGY SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LUMMUS TECHNOLOGY SAVINGS PLAN is 0.03%.
Enrollment Features
LUMMUS TECHNOLOGY 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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