SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES
Plan Contact
- Address: 801 LAKEVIEW DR,,BLUE BELL,PA
- Contact person: JULIE LYNCH
- Phone: (267) 436-6000
Plan General Information
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES is $73,845,197.00.This plan was established in 1985.
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES is 1235
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES is $59,793.00
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES is $3,415.00.
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES is approximately $2,444.00
Investing in this additonal $2,444.00 for 20 years would give you extra $156,451.00, assuming a 10% annual return.
Investing in this additonal $2,444.00 for 20 years would give you extra $156,451.00, assuming a 10% annual return.
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Total Employer Contribution and Match Rate
In 2023, SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES allocates $3,019,021.00 to match its employees' contributions, providing an employer match rate of 71.15% of their contributions
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES is 14.83%.
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES is 16.98%. This measures the effectiveness of the plan participants' investments in the year.
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES is 0.15%.
Enrollment Features
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Recent Articles
- February 2025 MyPlanIQ Portfolio Update
- Maximizing Your Savings & Investments: The Power of 1% Over Time
- Key Retirement Ages: Essential Milestones for 401(k), IRA, Solo 401(k), SEP IRA, Social Security & Medicare
- Dividend Income Investments: Benefits and Pitfalls
- Rule of Thumb: The 50/30/20 Budget Rule
- Option-Based Income Funds: Pros and Cons
- 9 Lessons From Retirees’ Biggest Retirement Regrets
- Top 15 ETFs for Self-Directed Brokerage Accounts or Brokerage Window in 401(k) Plans
- Top 15 Large Companies with the Highest Employer Match Rate per Employee
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …