LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K)

At the end of 2021, the total retirement plan assets of LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) is $13,535,771.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) is 240

In 2021, the average participant retirement account value for LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) is $56,399

In 2021, the estimated average employee contribution amount per participant for LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) is $1,385

In 2021, the estimated average employer match for an employee in LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) is approximately $1,350

In 2021, LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) allocates $324,040 to match its employees’ contributions, providing an employer match rate of 97.47% of their contributions

In 2021, the total retirement plan asset growth rate of LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) is -2.85%

In 2021, the estimated aggregate retirement account investment gain/loss for LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) is 10.25%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) is 0.30%.

Enrollment Features

LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES’ 401(K) has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.