HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR

At the end of 2021, the total retirement plan assets of HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is $4,229,204.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is 198

In 2021, the average participant retirement account value for HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is $21,359

In 2021, the estimated average employee contribution amount per participant for HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is $1,660

In 2021, the estimated average employer match for an employee in HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is approximately $594

In 2021, HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR allocates $117,805 to match its employees’ contributions, providing an employer match rate of 35.83% of their contributions

In 2021, the total retirement plan asset growth rate of HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is 20.69%

In 2021, the estimated aggregate retirement account investment gain/loss for HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is 13.31%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is 0.18%.

Enrollment Features

HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR 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.