MATS INC. 401(K) PLAN

At the end of 2021, the total retirement plan assets of MATS INC. 401(K) PLAN is $15,389,238.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in MATS INC. 401(K) PLAN is 144

In 2021, the average participant retirement account value for MATS INC. 401(K) PLAN is $106,869

In 2021, the estimated average employee contribution amount per participant for MATS INC. 401(K) PLAN is $5,709

In 2021, the estimated average employer match for an employee in MATS INC. 401(K) PLAN is approximately $2,274

In 2021, MATS INC. 401(K) PLAN allocates $327,575 to match its employees’ contributions, providing an employer match rate of 39.84% of their contributions

In 2021, the total retirement plan asset growth rate of MATS INC. 401(K) PLAN is 15.24%

In 2021, the estimated aggregate retirement account investment gain/loss for MATS INC. 401(K) PLAN is 14.05%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of MATS INC. 401(K) PLAN is 0.25%.

Enrollment Features

MATS 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.