CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN is $11,962,934.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN is 290

In 2022, the average participant retirement account value for CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN is $41,251

In 2022, the estimated average employee contribution amount per participant for CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN is $2,764

In 2022, the estimated average employer match for an employee in CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN is approximately $1,268

In 2022, CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN allocates $367,956 to match its employees’ contributions, providing an employer match rate of 47.37% of their contributions

In 2022, the total retirement plan asset growth rate of CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN is -10.91%

In 2022, the estimated aggregate retirement account investment gain/loss for CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN is -13.11%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN is 0.70%.

Enrollment Features

CARAN PRECISION ENG. & MFG. CORP. RETIREMENT SAVINGS PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.