IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN

At the end of 2022, the total retirement plan assets of IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN is $24,160,210.This plan was established in 2017.

At the end of 2022, the total number of retirement plan participants in IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN is 222

In 2022, the average participant retirement account value for IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN is $108,829

In 2022, the estimated average employee contribution amount per participant for IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN is $7,287

In 2022, the estimated average employer match for an employee in IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN is approximately $3,285

In 2022, IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN allocates $729,364 to match its employees’ contributions, providing an employer match rate of 45.91% of their contributions

In 2022, the total retirement plan asset growth rate of IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN is -22.69%

In 2022, the estimated aggregate retirement account investment gain/loss for IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN is -21.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IRVIN AUTOMOTIVE PRODUCTS 401(K) PLAN is 0.01%.

Enrollment Features

IRVIN AUTOMOTIVE PRODUCTS 401(K) 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.