SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES
Plan Contact
- Address: PO BOX 1109,BUFFALO,NY
- Contact person: STEPHANIE BRASS
- Phone: (716) 879-8210
Plan General Information
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is $123,424,272.00.This plan was established in 2003.
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is 1342
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is $91,970.00
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is $3,841.00.
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is approximately $3,405.00
Investing in this additonal $3,405.00 for 20 years would give you extra $217,962.00, assuming a 10% annual return.
Investing in this additonal $3,405.00 for 20 years would give you extra $217,962.00, assuming a 10% annual return.
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Total Employer Contribution and Match Rate
In 2023, SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES allocates $4,570,394.00 to match its employees' contributions, providing an employer match rate of 91.85% of their contributions
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is 15.94%.
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is 17.76%. This measures the effectiveness of the plan participants' investments in the year.
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is 0.21%.
Enrollment Features
SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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