SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI

At the end of 2021, the total retirement plan assets of SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI is $24,144,288.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI is 149

In 2021, the average participant retirement account value for SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI is $162,042

In 2021, the estimated average employee contribution amount per participant for SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI is $4,820

In 2021, the estimated average employer match for an employee in SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI is approximately $1,941

In 2021, SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI allocates $289,214 to match its employees’ contributions, providing an employer match rate of 40.26% of their contributions

In 2021, the total retirement plan asset growth rate of SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI is 12.16%

In 2021, the estimated aggregate retirement account investment gain/loss for SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI is 11.79%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI is 0.14%.

Enrollment Features

SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATI 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.