ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN is $5,168,848.This plan was established in 2017.

At the end of 2022, the total number of retirement plan participants in ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN is 153

In 2022, the average participant retirement account value for ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN is $33,783

In 2022, the estimated average employee contribution amount per participant for ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN is $2,477

In 2022, the estimated average employer match for an employee in ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN is approximately $824

In 2022, ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN allocates $126,136 to match its employees’ contributions, providing an employer match rate of 32.63% of their contributions

In 2022, the total retirement plan asset growth rate of ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN is -25.70%

In 2022, the estimated aggregate retirement account investment gain/loss for ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN is -15.21%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN is 0.73%.

Enrollment Features

ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION 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.