DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN

At the end of 2022, the total retirement plan assets of DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN is $146,713,002.This plan was established in 2005.

At the end of 2022, the total number of retirement plan participants in DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN is 1006

In 2022, the average participant retirement account value for DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN is $145,837

In 2022, the estimated average employee contribution amount per participant for DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN is $6,023

In 2022, the estimated average employer match for an employee in DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN is approximately $2,957

In 2022, DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN allocates $2,975,119 to match its employees’ contributions, providing an employer match rate of 50.43% of their contributions

In 2022, the total retirement plan asset growth rate of DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN is -20.20%

In 2022, the estimated aggregate retirement account investment gain/loss for DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN is -15.31%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS PLAN is 0.04%.

Enrollment Features

DAVIS-STANDARD, LLC 401(K) EMPLOYEE SAVINGS 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.