HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN
Overview
Plan Contact
- Address: 44038 PHOENIX DR.,STERLING HEIGHTS,MI
- Contact person: TRACI MCLEAN
- Phone: (586) 532-7763
Plan General Information
At the end of 2022, the total retirement plan assets of HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN is $2,322,276.This plan was established in 2017.
At the end of 2022, the total number of retirement plan participants in HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN is 111
In 2022, the average participant retirement account value for HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN is $20,921
In 2022, the estimated average employee contribution amount per participant for HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN is $3,073
In 2022, the estimated average employer match for an employee in HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN is approximately $1,798
In 2022, HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN allocates $199,684 to match its employees’ contributions, providing an employer match rate of 59.06% of their contributions
In 2022, the total retirement plan asset growth rate of HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN is -3.87%
In 2022, the estimated aggregate retirement account investment gain/loss for HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN is -14.41%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of HARD ROCK STONE WORKS 401(K) & PROFIT SHARING PLAN is 0.24%.
Enrollment Features
HARD ROCK STONE WORKS 401(K) & PROFIT SHARING 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.