EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN

At the end of 2022, the total retirement plan assets of EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN is $3,143,004,763.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN is 15686

In 2022, the average participant retirement account value for EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN is $200,370

In 2022, the estimated average employee contribution amount per participant for EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN is $7,458

In 2022, the estimated average employer match for an employee in EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN is approximately $5,163

In 2022, EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN allocates $80,992,314 to match its employees’ contributions, providing an employer match rate of 70.55% of their contributions

In 2022, the total retirement plan asset growth rate of EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN is -18.87%

In 2022, the estimated aggregate retirement account investment gain/loss for EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN is -15.56%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN is 0.03%.

Enrollment Features

EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP 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.