HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN

At the end of 2022, the total retirement plan assets of HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN is $34,769,406.This plan was established in 1990.

At the end of 2022, the total number of retirement plan participants in HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN is 1100

In 2022, the average participant retirement account value for HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN is $31,608

In 2022, the estimated average employee contribution amount per participant for HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN is $1,340

In 2022, the estimated average employer match for an employee in HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN is approximately $319

In 2022, HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN allocates $351,984 to match its employees’ contributions, providing an employer match rate of 20.31% of their contributions

In 2022, the total retirement plan asset growth rate of HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN is -24.06%

In 2022, the estimated aggregate retirement account investment gain/loss for HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN is -15.88%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of HANOVER FOODS CORPORATION 401(K)SAVINGS PLAN is 0.25%.

Enrollment Features

HANOVER FOODS CORPORATION 401(K)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.
    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.