ABB OPTICAL GROUP

At the end of 2022, the total retirement plan assets of ABB OPTICAL GROUP is $51,486,770.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in ABB OPTICAL GROUP is 1537

In 2022, the average participant retirement account value for ABB OPTICAL GROUP is $33,498

In 2022, the estimated average employee contribution amount per participant for ABB OPTICAL GROUP is $6,160

In 2022, the estimated average employer match for an employee in ABB OPTICAL GROUP is approximately $1,345

In 2022, ABB OPTICAL GROUP allocates $2,068,637 to match its employees’ contributions, providing an employer match rate of 43.69% of their contributions

In 2022, the total retirement plan asset growth rate of ABB OPTICAL GROUP is -12.22%

In 2022, the estimated aggregate retirement account investment gain/loss for ABB OPTICAL GROUP is -12.96%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ABB OPTICAL GROUP is 0.37%.

Enrollment Features

ABB OPTICAL GROUP 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.