THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN

Plan Contact

  • Phone: (212) 536-1211

Plan General Information

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Total Retirement Plan Assets

At the end of 2001, the total retirement plan assets of THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN is $376,124,834.00.This plan was established in 1990.

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Total Number of Retirement Plan Participants

At the end of 2001, the total number of retirement plan participants in THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN is 4823

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Average Participant Retirement Account Value

In 2001, the average participant retirement account value for THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN is $77,985.00

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Estimated Average Employee Contribution Amount

In 2001, the estimated average employee contribution amount per participant for THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN is $10,521.00.

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Estimated Average Employer Match

In 2001, the estimated average employer match for an employee in THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN is approximately $3,160.00
Investing in this additonal $3,160.00 for 20 years would give you extra $202,249.00, assuming a 10% annual return.

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Total Employer Contribution and Match Rate

In 2001, THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN allocates $15,241,421.00 to match its employees' contributions, providing an employer match rate of 60.07% of their contributions

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Total Retirement Plan Asset Growth Rate

In 2001, the total retirement plan asset growth rate of THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN is -4.74%.

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2001, the estimated aggregate retirement account investment gain/loss for THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN is -4.72%. This measures the effectiveness of the plan participants' investments in the year.

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN Expense Ratio

In 2001, the investment and administrative expense ratio of THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN is 0.03%.

Enrollment Features

THE CIT GROUP, INC. SAVINGS INCENTIVE PLAN has the following features:
    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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