SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN
Plan Contact
- Address: 395 WEST PASSAIC STREET,,ROCHELLE PARK,NJ
- Contact person: GINA RUBENDALL
- Phone: (919) 405-1537
Plan General Information
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN is $186,844,013.00.This plan was established in 1988.
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN is 961
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN is $194,426.00
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN is $7,878.00.
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN is approximately $1,345.00
Investing in this additonal $1,345.00 for 20 years would give you extra $86,140.00, assuming a 10% annual return.
Investing in this additonal $1,345.00 for 20 years would give you extra $86,140.00, assuming a 10% annual return.
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN allocates $1,293,455.00 to match its employees' contributions, providing an employer match rate of 17.48% of their contributions
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN is 15.66%.
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN is 17.05%. This measures the effectiveness of the plan participants' investments in the year.
SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SAPIENS AMERICAS CORPORATION EMPLOYEE SAVINGS PLAN is 0.12%.
Enrollment Features
SAPIENS AMERICAS CORPORATION EMPLOYEE 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.
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