ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN is $12,256,914.This plan was established in 1992.

At the end of 2022, the total number of retirement plan participants in ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN is 144

In 2022, the average participant retirement account value for ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN is $85,117

In 2022, the estimated average employee contribution amount per participant for ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN is $5,321

In 2022, the estimated average employer match for an employee in ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN is approximately $1,712

In 2022, ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN allocates $246,608 to match its employees’ contributions, providing an employer match rate of 31.74% of their contributions

In 2022, the total retirement plan asset growth rate of ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN is -7.28%

In 2022, the estimated aggregate retirement account investment gain/loss for ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN is -13.77%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ALLEN & GERRITSEN, INC. 401(K) RETIREMENT PLAN is 0.47%.

Enrollment Features

ALLEN & GERRITSEN, 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.