HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN is $3,261,690.This plan was established in 2015.

At the end of 2022, the total number of retirement plan participants in HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN is 295

In 2022, the average participant retirement account value for HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN is $11,056

In 2022, the estimated average employee contribution amount per participant for HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN is $1,202

In 2022, the estimated average employer match for an employee in HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN is approximately $691

In 2022, HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN allocates $204,022 to match its employees’ contributions, providing an employer match rate of 62.48% of their contributions

In 2022, the total retirement plan asset growth rate of HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN is -4.06%

In 2022, the estimated aggregate retirement account investment gain/loss for HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN is -13.82%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of HARNEY & SONS TEA CORP. 401(K) RETIREMENT PLAN is 1.24%.

Enrollment Features

HARNEY & SONS TEA CORP. 401(K) RETIREMENT 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.