SANMINA CORPORATION 401(K) PLAN

At the end of 2022, the total retirement plan assets of SANMINA CORPORATION 401(K) PLAN is $476,338,053.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in SANMINA CORPORATION 401(K) PLAN is 7362

In 2022, the average participant retirement account value for SANMINA CORPORATION 401(K) PLAN is $64,702

In 2022, the estimated average employee contribution amount per participant for SANMINA CORPORATION 401(K) PLAN is $2,945

In 2022, the estimated average employer match for an employee in SANMINA CORPORATION 401(K) PLAN is approximately $222

In 2022, SANMINA CORPORATION 401(K) PLAN allocates $1,640,110 to match its employees’ contributions, providing an employer match rate of 7.81% of their contributions

In 2022, the total retirement plan asset growth rate of SANMINA CORPORATION 401(K) PLAN is -18.96%

In 2022, the estimated aggregate retirement account investment gain/loss for SANMINA CORPORATION 401(K) PLAN is -15.54%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of SANMINA CORPORATION 401(K) PLAN is 0.08%.

Enrollment Features

SANMINA CORPORATION 401(K) 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.
    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.