HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN

At the end of 2022, the total retirement plan assets of HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN is $2,497,302.This plan was established in 1992.

At the end of 2022, the total number of retirement plan participants in HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN is 124

In 2022, the average participant retirement account value for HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN is $20,139

In 2022, the estimated average employee contribution amount per participant for HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN is $1,961

In 2022, the estimated average employer match for an employee in HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN is approximately $922

In 2022, HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN allocates $114,330 to match its employees’ contributions, providing an employer match rate of 45.90% of their contributions

In 2022, the total retirement plan asset growth rate of HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN is -15.82%

In 2022, the estimated aggregate retirement account investment gain/loss for HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN is -17.48%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS PLAN is 1.03%.

Enrollment Features

HASSE CONTRACTING COMPANY, INC. EMPLOYEE SAVINGS 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.