LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN is $6,132,352.This plan was established in 1982.

At the end of 2022, the total number of retirement plan participants in LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN is 191

In 2022, the average participant retirement account value for LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN is $32,106

In 2022, the estimated average employee contribution amount per participant for LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN is $2,781

In 2022, the estimated average employer match for an employee in LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN is approximately $992

In 2022, LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN allocates $189,525 to match its employees’ contributions, providing an employer match rate of 34.77% of their contributions

In 2022, the total retirement plan asset growth rate of LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN is -12.95%

In 2022, the estimated aggregate retirement account investment gain/loss for LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN is -15.53%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOWER GREAT LAKES KENWORTH, INC. 401(K) PLAN is 0.55%.

Enrollment Features

LOWER GREAT LAKES KENWORTH, 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.