ALMAC 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of ALMAC 401(K) RETIREMENT PLAN is $154,410,370.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in ALMAC 401(K) RETIREMENT PLAN is 2410

In 2022, the average participant retirement account value for ALMAC 401(K) RETIREMENT PLAN is $64,070

In 2022, the estimated average employee contribution amount per participant for ALMAC 401(K) RETIREMENT PLAN is $6,156

In 2022, the estimated average employer match for an employee in ALMAC 401(K) RETIREMENT PLAN is approximately $1,783

In 2022, ALMAC 401(K) RETIREMENT PLAN allocates $4,298,411 to match its employees’ contributions, providing an employer match rate of 30.37% of their contributions

In 2022, the total retirement plan asset growth rate of ALMAC 401(K) RETIREMENT PLAN is -13.23%

In 2022, the estimated aggregate retirement account investment gain/loss for ALMAC 401(K) RETIREMENT PLAN is -18.39%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ALMAC 401(K) RETIREMENT PLAN is 0.18%.

Enrollment Features

ALMAC 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.