KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN
Overview
Plan Contact
- Address: 2151 EAST GRAND AVENUE,EL SEGUNDO,CA
- Contact person: NADIM ABI MALHAB
- Phone: (424) 218-8000
Plan General Information
At the end of 2022, the total retirement plan assets of KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN is $337,490,017.This plan was established in 1990.
At the end of 2022, the total number of retirement plan participants in KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN is 2630
In 2022, the average participant retirement account value for KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN is $128,323
In 2022, the estimated average employee contribution amount per participant for KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN is $6,998
In 2022, the estimated average employer match for an employee in KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN is approximately $2,973
In 2022, KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN allocates $7,819,767 to match its employees’ contributions, providing an employer match rate of 43.06% of their contributions
In 2022, the total retirement plan asset growth rate of KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN is -19.24%
In 2022, the estimated aggregate retirement account investment gain/loss for KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN is -19.01%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS PLAN is 0.19%.
Enrollment Features
KARL STORZ ENDOSCOPY-AMERICA, INC. EMPLOYEE SAVINGS 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.