THERMO WORKS, INC. 401(K) PLAN

Plan Contact

  • Address: 741 EAST UTAH VALLEY DRIVE,AMERICAN FORK,UT
  • Contact person: JIM FARRER
  • Phone: (801) 756-7705

Plan General Information

THERMO WORKS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2021, the total retirement plan assets of THERMO WORKS, INC. 401(K) PLAN is $7,762,755.00.This plan was established in 2022.

THERMO WORKS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2021, the total number of retirement plan participants in THERMO WORKS, INC. 401(K) PLAN is 128

THERMO WORKS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2021, the average participant retirement account value for THERMO WORKS, INC. 401(K) PLAN is $60,646.00

THERMO WORKS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for THERMO WORKS, INC. 401(K) PLAN is $2,581.00.

THERMO WORKS, INC. 401(K) PLAN Estimated Average Employer Match

In 2021, the estimated average employer match for an employee in THERMO WORKS, INC. 401(K) PLAN is approximately $3,289.00
Investing in this additonal $3,289.00 for 20 years would give you extra $210,549.00, assuming a 10% annual return.

THERMO WORKS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2021, THERMO WORKS, INC. 401(K) PLAN allocates $421,099.00 to match its employees' contributions, providing an employer match rate of 127.46% of their contributions

THERMO WORKS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2021, the total retirement plan asset growth rate of THERMO WORKS, INC. 401(K) PLAN is 24.20%.

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

In 2021, the estimated aggregate retirement account investment gain/loss for THERMO WORKS, INC. 401(K) PLAN is 15.21%. This measures the effectiveness of the plan participants' investments in the year.

THERMO WORKS, INC. 401(K) PLAN Expense Ratio

In 2021, the investment and administrative expense ratio of THERMO WORKS, INC. 401(K) PLAN is 0.98%.

Enrollment Features

THERMO WORKS, 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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