PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN
Plan Contact
- Address: 586 FULLING MILL ROAD,MIDDLETOWN,PA
- Contact person: TOM LEONARD
- Phone: (717) 944-1300
Plan General Information
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN is $143,690,238.00.This plan was established in 1987.
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN is 1082
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN is $132,800.00
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN is $8,322.00.
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN is approximately $3,949.00
Investing in this additonal $3,949.00 for 20 years would give you extra $252,736.00, assuming a 10% annual return.
Investing in this additonal $3,949.00 for 20 years would give you extra $252,736.00, assuming a 10% annual return.
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN allocates $4,272,825.00 to match its employees' contributions, providing an employer match rate of 51.16% of their contributions
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN is 19.70%.
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN is 17.30%. This measures the effectiveness of the plan participants' investments in the year.
PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PHOENIX CONTACT EMPLOYEE INVESTMENT PLAN is 0.07%.
Enrollment Features
PHOENIX CONTACT EMPLOYEE INVESTMENT 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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