AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN is $18,641,245.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN is 411

In 2022, the average participant retirement account value for AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN is $45,355

In 2022, the estimated average employee contribution amount per participant for AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN is $1,989

In 2022, the estimated average employer match for an employee in AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN is approximately $1,034

In 2022, AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN allocates $425,189 to match its employees’ contributions, providing an employer match rate of 51.63% of their contributions

In 2022, the total retirement plan asset growth rate of AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN is 4.81%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT PLAN is 0.33%.

Enrollment Features

AEROFIL TECHNOLOGY, INC. EMPLOYEE RETIREMENT 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.