EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST

At the end of 2022, the total retirement plan assets of EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST is $6,583,630.This plan was established in 2003.

At the end of 2022, the total number of retirement plan participants in EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST is 226

In 2022, the average participant retirement account value for EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST is $29,131

In 2022, the estimated average employee contribution amount per participant for EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST is $2,316

In 2022, the estimated average employer match for an employee in EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $784

In 2022, EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST allocates $177,291 to match its employees’ contributions, providing an employer match rate of 34.47% of their contributions

In 2022, the total retirement plan asset growth rate of EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST is -7.92%

In 2022, the estimated aggregate retirement account investment gain/loss for EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST is -16.02%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST is 0.55%.

Enrollment Features

EASTMAN STRINGS INC 401(K) PROFIT SHARING PLAN & TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.