AESSEAL, INC. 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of AESSEAL, INC. 401(K) RETIREMENT PLAN is $8,803,865.This plan was established in 1998.

At the end of 2022, the total number of retirement plan participants in AESSEAL, INC. 401(K) RETIREMENT PLAN is 208

In 2022, the average participant retirement account value for AESSEAL, INC. 401(K) RETIREMENT PLAN is $42,326

In 2022, the estimated average employee contribution amount per participant for AESSEAL, INC. 401(K) RETIREMENT PLAN is $3,110

In 2022, the estimated average employer match for an employee in AESSEAL, INC. 401(K) RETIREMENT PLAN is approximately $1,390

In 2022, AESSEAL, INC. 401(K) RETIREMENT PLAN allocates $289,255 to match its employees’ contributions, providing an employer match rate of 45.26% of their contributions

In 2022, the total retirement plan asset growth rate of AESSEAL, INC. 401(K) RETIREMENT PLAN is -19.53%

In 2022, the estimated aggregate retirement account investment gain/loss for AESSEAL, INC. 401(K) RETIREMENT PLAN is -15.84%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AESSEAL, INC. 401(K) RETIREMENT PLAN is 0.61%.

Enrollment Features

AESSEAL, INC. 401(K) RETIREMENT 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.