IAM 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of IAM 401(K) RETIREMENT PLAN is $6,539,493.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in IAM 401(K) RETIREMENT PLAN is 248

In 2022, the average participant retirement account value for IAM 401(K) RETIREMENT PLAN is $26,368

In 2022, the estimated average employee contribution amount per participant for IAM 401(K) RETIREMENT PLAN is $3,674

In 2022, the estimated average employer match for an employee in IAM 401(K) RETIREMENT PLAN is approximately $708

In 2022, IAM 401(K) RETIREMENT PLAN allocates $175,599 to match its employees’ contributions, providing an employer match rate of 20.56% of their contributions

In 2022, the total retirement plan asset growth rate of IAM 401(K) RETIREMENT PLAN is -3.80%

In 2022, the estimated aggregate retirement account investment gain/loss for IAM 401(K) RETIREMENT PLAN is -14.24%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IAM 401(K) RETIREMENT PLAN is 0.75%.

Enrollment Features

IAM 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.