PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN
Plan Contact
- Address: 1303 SOUTH BATESVILLE ROAD,GREER,SC
- Contact person: JEREMY RIKALA
- Phone: (218) 821-3389
Plan General Information
PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN is $21,655,420.00.This plan was established in 2019.
PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN is 2138
PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN is $10,128.00
PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN is $2,189.00.
PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN is approximately $886.00
Investing in this additonal $886.00 for 20 years would give you extra $56,752.00, assuming a 10% annual return.
Investing in this additonal $886.00 for 20 years would give you extra $56,752.00, assuming a 10% annual return.
PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN Total Employer Contribution and Match Rate
In 2019, PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN allocates $1,895,887.00 to match its employees' contributions, providing an employer match rate of 81.00% of their contributions
PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of PROCESS SOLUTIONS EMPLOYEES SAVINGS PLAN is 0.19%.
Enrollment Features
PROCESS SOLUTIONS EMPLOYEES 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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