SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN

Plan Contact

  • Address: 49 INDUSTRIAL AVE,LITTLE FERRY,NJ
  • Contact person: JAMES FARLEY
  • Phone: (201) 250-0911

Plan General Information

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN is $62,281,198.00.This plan was established in 1988.

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN is 217

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN is $287,010.00

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN is $8,396.00.

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN is approximately $5,976.00
Investing in this additonal $5,976.00 for 20 years would give you extra $382,477.00, assuming a 10% annual return.

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN allocates $1,296,839.00 to match its employees' contributions, providing an employer match rate of 74.25% of their contributions

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN is 13.81%.

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN is 19.84%. This measures the effectiveness of the plan participants' investments in the year.

SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SCIENTIFIC DESIGN COMPANY, INC. SAVINGS PLAN is 0.05%.

Enrollment Features

SCIENTIFIC DESIGN COMPANY, INC. 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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