ARCONIC CORP. HOURLY 401(K) PLAN

At the end of 2022, the total retirement plan assets of ARCONIC CORP. HOURLY 401(K) PLAN is $592,830,292.This plan was established in 2020.

At the end of 2022, the total number of retirement plan participants in ARCONIC CORP. HOURLY 401(K) PLAN is 6576

In 2022, the average participant retirement account value for ARCONIC CORP. HOURLY 401(K) PLAN is $90,150

In 2022, the estimated average employee contribution amount per participant for ARCONIC CORP. HOURLY 401(K) PLAN is $5,072

In 2022, the estimated average employer match for an employee in ARCONIC CORP. HOURLY 401(K) PLAN is approximately $4,114

In 2022, ARCONIC CORP. HOURLY 401(K) PLAN allocates $27,055,677 to match its employees’ contributions, providing an employer match rate of 81.35% of their contributions

In 2022, the total retirement plan asset growth rate of ARCONIC CORP. HOURLY 401(K) PLAN is -15.13%

In 2022, the estimated aggregate retirement account investment gain/loss for ARCONIC CORP. HOURLY 401(K) PLAN is -15.71%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ARCONIC CORP. HOURLY 401(K) PLAN is 0.18%.

Enrollment Features

ARCONIC CORP. HOURLY 401(K) 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.