TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 111 HYDE ROAD,,FARMINGTON,CT
- Contact person: KRYSTAL KOENIG
- Phone: (860) 255-6000
Plan General Information
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN is $248,117,485.00.This plan was established in 1984.
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN is 1769
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN is $140,258.00
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN is $6,130.00.
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN is approximately $4,886.00
Investing in this additonal $4,886.00 for 20 years would give you extra $312,721.00, assuming a 10% annual return.
Investing in this additonal $4,886.00 for 20 years would give you extra $312,721.00, assuming a 10% annual return.
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN allocates $8,643,831.00 to match its employees' contributions, providing an employer match rate of 85.20% of their contributions
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN is 17.14%.
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN is 16.08%. This measures the effectiveness of the plan participants' investments in the year.
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN is 0.06%.
Enrollment Features
TRUMPF INC. EMPLOYEE RETIREMENT SAVINGS PLAN 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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