SAX LLP SAVINGS AND INVESTMENT PLAN
Overview
Plan Contact
- Address: 389 INTERPACE PARKWAY, FLOOR 3,,PARSIPPANY,NJ
- Contact person: JOSEPH DAMIANO
- Phone: (973) 472-6250
Plan General Information
At the end of 2022, the total retirement plan assets of SAX LLP SAVINGS AND INVESTMENT PLAN is $55,355,257.This plan was established in 2017.
At the end of 2022, the total number of retirement plan participants in SAX LLP SAVINGS AND INVESTMENT PLAN is 313
In 2022, the average participant retirement account value for SAX LLP SAVINGS AND INVESTMENT PLAN is $176,853
In 2022, the estimated average employee contribution amount per participant for SAX LLP SAVINGS AND INVESTMENT PLAN is $8,796
In 2022, the estimated average employer match for an employee in SAX LLP SAVINGS AND INVESTMENT PLAN is approximately $4,642
In 2022, SAX LLP SAVINGS AND INVESTMENT PLAN allocates $1,453,010 to match its employees’ contributions, providing an employer match rate of 57.86% of their contributions
In 2022, the total retirement plan asset growth rate of SAX LLP SAVINGS AND INVESTMENT PLAN is -7.72%
In 2022, the estimated aggregate retirement account investment gain/loss for SAX LLP SAVINGS AND INVESTMENT PLAN is -10.89%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of SAX LLP SAVINGS AND INVESTMENT PLAN is 0.07%.
Enrollment Features
SAX LLP SAVINGS AND INVESTMENT 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.