LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN is $4,098,872.This plan was established in 1999.

At the end of 2022, the total number of retirement plan participants in LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN is 260

In 2022, the average participant retirement account value for LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN is $15,764

In 2022, the estimated average employee contribution amount per participant for LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN is $849

In 2022, the estimated average employer match for an employee in LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN is approximately $110

In 2022, LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN allocates $28,718 to match its employees’ contributions, providing an employer match rate of 11.34% of their contributions

In 2022, the total retirement plan asset growth rate of LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN is 145.51%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCKWOOD/MCKINNON COMPANY, INC. 401(K) PLAN is 1.60%.

Enrollment Features

LOCKWOOD/MCKINNON COMPANY, INC. 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.