AKRON POLYMER PRODUCTS, INC. 401(K) PLAN

At the end of 2021, the total retirement plan assets of AKRON POLYMER PRODUCTS, INC. 401(K) PLAN is $3,826,362.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in AKRON POLYMER PRODUCTS, INC. 401(K) PLAN is 341

In 2021, the average participant retirement account value for AKRON POLYMER PRODUCTS, INC. 401(K) PLAN is $11,221

In 2021, the estimated average employee contribution amount per participant for AKRON POLYMER PRODUCTS, INC. 401(K) PLAN is $1,213

In 2021, the estimated average employer match for an employee in AKRON POLYMER PRODUCTS, INC. 401(K) PLAN is approximately $783

In 2021, AKRON POLYMER PRODUCTS, INC. 401(K) PLAN allocates $267,337 to match its employees’ contributions, providing an employer match rate of 64.61% of their contributions

In 2021, the total retirement plan asset growth rate of AKRON POLYMER PRODUCTS, INC. 401(K) PLAN is 26.12%

In 2021, the estimated aggregate retirement account investment gain/loss for AKRON POLYMER PRODUCTS, INC. 401(K) PLAN is 13.62%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of AKRON POLYMER PRODUCTS, INC. 401(K) PLAN is 0.14%.

Enrollment Features

AKRON POLYMER PRODUCTS, INC. 401(K) 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.