MAIN INDUSTRIES, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of MAIN INDUSTRIES, INC. 401(K) PLAN is $12,979,070.This plan was established in 1996.

At the end of 2022, the total number of retirement plan participants in MAIN INDUSTRIES, INC. 401(K) PLAN is 169

In 2022, the average participant retirement account value for MAIN INDUSTRIES, INC. 401(K) PLAN is $76,799

In 2022, the estimated average employee contribution amount per participant for MAIN INDUSTRIES, INC. 401(K) PLAN is $2,728

In 2022, the estimated average employer match for an employee in MAIN INDUSTRIES, INC. 401(K) PLAN is approximately $1,453

In 2022, MAIN INDUSTRIES, INC. 401(K) PLAN allocates $245,669 to match its employees’ contributions, providing an employer match rate of 53.60% of their contributions

In 2022, the total retirement plan asset growth rate of MAIN INDUSTRIES, INC. 401(K) PLAN is -16.48%

In 2022, the estimated aggregate retirement account investment gain/loss for MAIN INDUSTRIES, INC. 401(K) PLAN is -17.64%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of MAIN INDUSTRIES, INC. 401(K) PLAN is 0.16%.

Enrollment Features

MAIN INDUSTRIES, INC. 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.