SAES SMA 401(K) PLAN
Overview
Plan Contact
- Address: 3 BERKSHIRE BLVD,BETHEL,CT
- Contact person: MARCY MACDONALD
- Phone: (203) 739-1100
Plan General Information
At the end of 2022, the total retirement plan assets of SAES SMA 401(K) PLAN is $35,370,027.This plan was established in 1985.
At the end of 2022, the total number of retirement plan participants in SAES SMA 401(K) PLAN is 604
In 2022, the average participant retirement account value for SAES SMA 401(K) PLAN is $58,559
In 2022, the estimated average employee contribution amount per participant for SAES SMA 401(K) PLAN is $4,366
In 2022, the estimated average employer match for an employee in SAES SMA 401(K) PLAN is approximately $1,965
In 2022, SAES SMA 401(K) PLAN allocates $1,187,066 to match its employees’ contributions, providing an employer match rate of 47.69% of their contributions
In 2022, the total retirement plan asset growth rate of SAES SMA 401(K) PLAN is -10.82%
In 2022, the estimated aggregate retirement account investment gain/loss for SAES SMA 401(K) PLAN is -16.65%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of SAES SMA 401(K) PLAN is 0.27%.
Enrollment Features
SAES SMA 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.
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.