PSEG INC. EMPLOYEE SAVINGS PLAN
Plan Contact
- Contact person: RICHARD D. QUINN
- Phone: (973) 430-7000
Plan General Information
PSEG INC. EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2007, the total retirement plan assets of PSEG INC. EMPLOYEE SAVINGS PLAN is $864,639,460.00.This plan was established in 1988.
PSEG INC. EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2007, the total number of retirement plan participants in PSEG INC. EMPLOYEE SAVINGS PLAN is 7722
PSEG INC. EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2007, the average participant retirement account value for PSEG INC. EMPLOYEE SAVINGS PLAN is $111,970.00
PSEG INC. EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2007, the estimated average employee contribution amount per participant for PSEG INC. EMPLOYEE SAVINGS PLAN is $12,213.00.
PSEG INC. EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2007, the estimated average employer match for an employee in PSEG INC. EMPLOYEE SAVINGS PLAN is approximately $1,940.00
Investing in this additonal $1,940.00 for 20 years would give you extra $124,189.00, assuming a 10% annual return.
Investing in this additonal $1,940.00 for 20 years would give you extra $124,189.00, assuming a 10% annual return.
PSEG INC. EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2007, PSEG INC. EMPLOYEE SAVINGS PLAN allocates $14,984,252.00 to match its employees' contributions, providing an employer match rate of 31.78% of their contributions
PSEG INC. EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2007, the total retirement plan asset growth rate of PSEG INC. EMPLOYEE SAVINGS PLAN is 12.15%.
PSEG INC. EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2007, the estimated aggregate retirement account investment gain/loss for PSEG INC. EMPLOYEE SAVINGS PLAN is 9.25%. This measures the effectiveness of the plan participants' investments in the year.
PSEG INC. EMPLOYEE SAVINGS PLAN Expense Ratio
In 2007, the investment and administrative expense ratio of PSEG INC. EMPLOYEE SAVINGS PLAN is 0.00%.
Enrollment Features
PSEG INC. EMPLOYEE SAVINGS PLAN has the following features: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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