JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is $10,306,784.This plan was established in 1989.

At the end of 2022, the total number of retirement plan participants in JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is 242

In 2022, the average participant retirement account value for JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is $42,590

In 2022, the estimated average employee contribution amount per participant for JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is $3,077

In 2022, the estimated average employer match for an employee in JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is approximately $11

In 2022, JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN allocates $2,872 to match its employees’ contributions, providing an employer match rate of 0.37% of their contributions

In 2022, the total retirement plan asset growth rate of JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is -14.92%

In 2022, the estimated aggregate retirement account investment gain/loss for JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is -13.95%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is 0.62%.

Enrollment Features

JAY INDUSTRIAL REPAIR, INC. EMPLOYEE SAVINGS RETIREMENT 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.