SOMERO ENTERPRISES, INC. 401(K) PLAN

Plan Contact

  • Address: 46980 NORTH STATE HIGHWAY M26,HOUGHTON,MI
  • Contact person: VINCENZO LICAUSI
  • Phone: (239) 210-6532

Plan General Information

SOMERO ENTERPRISES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2018, the total retirement plan assets of SOMERO ENTERPRISES, INC. 401(K) PLAN is $7,289,604.00.This plan was established in 2006.

SOMERO ENTERPRISES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2018, the total number of retirement plan participants in SOMERO ENTERPRISES, INC. 401(K) PLAN is 212

SOMERO ENTERPRISES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2018, the average participant retirement account value for SOMERO ENTERPRISES, INC. 401(K) PLAN is $34,384.00

SOMERO ENTERPRISES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2018, the estimated average employee contribution amount per participant for SOMERO ENTERPRISES, INC. 401(K) PLAN is $6,980.00.

SOMERO ENTERPRISES, INC. 401(K) PLAN Estimated Average Employer Match

In 2018, the estimated average employer match for an employee in SOMERO ENTERPRISES, INC. 401(K) PLAN is approximately $2,995.00
Investing in this additonal $2,995.00 for 20 years would give you extra $191,723.00, assuming a 10% annual return.

SOMERO ENTERPRISES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2018, SOMERO ENTERPRISES, INC. 401(K) PLAN allocates $635,085.00 to match its employees' contributions, providing an employer match rate of 85.84% of their contributions

SOMERO ENTERPRISES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2018, the total retirement plan asset growth rate of SOMERO ENTERPRISES, INC. 401(K) PLAN is 7.04%.

SOMERO ENTERPRISES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2018, the estimated aggregate retirement account investment gain/loss for SOMERO ENTERPRISES, INC. 401(K) PLAN is -7.41%. This measures the effectiveness of the plan participants' investments in the year.

SOMERO ENTERPRISES, INC. 401(K) PLAN Expense Ratio

In 2018, the investment and administrative expense ratio of SOMERO ENTERPRISES, INC. 401(K) PLAN is 0.23%.

Enrollment Features

SOMERO ENTERPRISES, INC. 401(K) 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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