NXP 401(K) RETIREMENT PLAN
Plan Contact
- Address: 6501 WILLIAM CANNON DRIVE WEST,AUSTIN,TX
- Contact person: MARY MCCLURE
- Phone: (512) 831-8055
Plan General Information
NXP 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NXP 401(K) RETIREMENT PLAN is $3,499,531,054.00.This plan was established in 2004.
NXP 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NXP 401(K) RETIREMENT PLAN is 9148
NXP 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NXP 401(K) RETIREMENT PLAN is $382,546.00
NXP 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NXP 401(K) RETIREMENT PLAN is $10,051.00.
NXP 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NXP 401(K) RETIREMENT PLAN is approximately $4,464.00
Investing in this additonal $4,464.00 for 20 years would give you extra $285,746.00, assuming a 10% annual return.
Investing in this additonal $4,464.00 for 20 years would give you extra $285,746.00, assuming a 10% annual return.
NXP 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, NXP 401(K) RETIREMENT PLAN allocates $40,843,916.00 to match its employees' contributions, providing an employer match rate of 46.57% of their contributions
NXP 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NXP 401(K) RETIREMENT PLAN is 18.75%.
NXP 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NXP 401(K) RETIREMENT PLAN is 21.31%. This measures the effectiveness of the plan participants' investments in the year.
NXP 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NXP 401(K) RETIREMENT PLAN is 0.18%.
Enrollment Features
NXP 401(K) 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.
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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