AUTOMATED PRODUCTS, INC. 401(K) PLAN

At the end of 2021, the total retirement plan assets of AUTOMATED PRODUCTS, INC. 401(K) PLAN is $6,209,603.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in AUTOMATED PRODUCTS, INC. 401(K) PLAN is 166

In 2021, the average participant retirement account value for AUTOMATED PRODUCTS, INC. 401(K) PLAN is $37,407

In 2021, the estimated average employee contribution amount per participant for AUTOMATED PRODUCTS, INC. 401(K) PLAN is $2,728

In 2021, the estimated average employer match for an employee in AUTOMATED PRODUCTS, INC. 401(K) PLAN is approximately $1,460

In 2021, AUTOMATED PRODUCTS, INC. 401(K) PLAN allocates $242,424 to match its employees’ contributions, providing an employer match rate of 53.52% of their contributions

In 2021, the total retirement plan asset growth rate of AUTOMATED PRODUCTS, INC. 401(K) PLAN is 25.63%

In 2021, the estimated aggregate retirement account investment gain/loss for AUTOMATED PRODUCTS, INC. 401(K) PLAN is 13.74%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of AUTOMATED PRODUCTS, INC. 401(K) PLAN is 0.71%.

Enrollment Features

AUTOMATED PRODUCTS, INC. 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.