LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN is $11,127,031.This plan was established in 2004.

At the end of 2022, the total number of retirement plan participants in LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN is 342

In 2022, the average participant retirement account value for LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN is $32,535

In 2022, the estimated average employee contribution amount per participant for LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN is $2,406

In 2022, the estimated average employer match for an employee in LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN is approximately $1,587

In 2022, LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN allocates $543,011 to match its employees’ contributions, providing an employer match rate of 68.59% of their contributions

In 2022, the total retirement plan asset growth rate of LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN is -16.44%

In 2022, the estimated aggregate retirement account investment gain/loss for LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN is -13.91%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING PLAN is 0.60%.

Enrollment Features

LONE STAR FASTENERS, LLC 401(K) AND PROFIT SHARING 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.