HAMMERS UTILITY CORP. 401(K) PLAN

At the end of 2022, the total retirement plan assets of HAMMERS UTILITY CORP. 401(K) PLAN is $1,151,382.This plan was established in 2017.

At the end of 2022, the total number of retirement plan participants in HAMMERS UTILITY CORP. 401(K) PLAN is 138

In 2022, the average participant retirement account value for HAMMERS UTILITY CORP. 401(K) PLAN is $8,343

In 2022, the estimated average employee contribution amount per participant for HAMMERS UTILITY CORP. 401(K) PLAN is $1,544

In 2022, the estimated average employer match for an employee in HAMMERS UTILITY CORP. 401(K) PLAN is approximately $786

In 2022, HAMMERS UTILITY CORP. 401(K) PLAN allocates $108,481 to match its employees’ contributions, providing an employer match rate of 54.23% of their contributions

In 2022, the total retirement plan asset growth rate of HAMMERS UTILITY CORP. 401(K) PLAN is -21.27%

In 2022, the estimated aggregate retirement account investment gain/loss for HAMMERS UTILITY CORP. 401(K) PLAN is -18.07%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of HAMMERS UTILITY CORP. 401(K) PLAN is 0.21%.

Enrollment Features

HAMMERS UTILITY CORP. 401(K) 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.