Finance
15:47 16 September 2023
Post by: WBJ

Close to 70% of employees in largest companies participate in Employee Capital Plans

Close to 70% of employees in largest companies participate in Employee Capital Plans
Source: Photo by Austin Distel on Unsplash

Currently, 3.35 million individuals from 313,000 entities participate in Employee Capital Plans, marking an increase of nearly 20,000 new participants month-to-month. The current program participation rate stands at 44.60 percent, with companies employing over 250 people nearing 70 percent (69.36 percent). The private sector continues to lead, with a participation rate of 50.85 percent. Participation in the public sector is half as low.

The net asset value (NAV) of target-date funds has increased by PLN 46 million and currently amounts to PLN 18.04 billion. This signifies a growth of over PLN 5 billion compared to data from the end of January of the current year.

The total employer contributions amount to over PLN 7 billion, while participant contributions total PN 9 billion. These funds are managed by 17 financial institutions. An Employee Capital Plans participant earning PLN 5,300, saving in the program since December 2019, has achieved a profit ranging from 116-137 percent depending on the Financial Investment Risk Group (FZD).

(WBJ)


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