SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES
Plan Contact
- Address: 2400 MYSTIC LAKE BLVD,PRIOR LAKE,MN
- Contact person: RYAN VEENENDAAL
- Phone: (952) 496-7373
Plan General Information
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES is $12,804,781.00.This plan was established in 1997.
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES is 398
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES is $32,172.00
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES is $1,145.00.
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES is approximately $592.00
Investing in this additonal $592.00 for 20 years would give you extra $37,938.00, assuming a 10% annual return.
Investing in this additonal $592.00 for 20 years would give you extra $37,938.00, assuming a 10% annual return.
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Total Employer Contribution and Match Rate
In 2023, SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES allocates $235,933.00 to match its employees' contributions, providing an employer match rate of 52.55% of their contributions
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES is 19.72%.
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES is 19.54%. This measures the effectiveness of the plan participants' investments in the year.
SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of SMSC 401(K) PLAN FOR COMMERCIAL EMPLOYEES is 0.13%.
Enrollment Features
SMSC 401(K) PLAN FOR COMMERCIAL 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.
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