POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN
Plan Contact
- Address: PO BOX 362708,SAN JUAN,PR
- Contact person: DOUGLAS HACHENBURG
- Phone: (787) 724-2103
Plan General Information
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN is $149,554,638.00.This plan was established in 1991.
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN is 1583
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN is $94,475.00
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN is $5,093.00.
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN is approximately $2,125.00
Investing in this additonal $2,125.00 for 20 years would give you extra $136,001.00, assuming a 10% annual return.
Investing in this additonal $2,125.00 for 20 years would give you extra $136,001.00, assuming a 10% annual return.
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN allocates $3,363,904.00 to match its employees' contributions, providing an employer match rate of 42.19% of their contributions
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN is 17.96%.
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN is 15.91%. This measures the effectiveness of the plan participants' investments in the year.
POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of POPULAR, INC. USA 401(K) SAVINGS & INVESTMENT PLAN is 0.24%.
Enrollment Features
POPULAR, INC. USA 401(K) SAVINGS & 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.
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