MAXAIR MECHANICAL 401(K) PLAN

At the end of 2022, the total retirement plan assets of MAXAIR MECHANICAL 401(K) PLAN is $6,652,628.This plan was established in 2008.

At the end of 2022, the total number of retirement plan participants in MAXAIR MECHANICAL 401(K) PLAN is 270

In 2022, the average participant retirement account value for MAXAIR MECHANICAL 401(K) PLAN is $24,639

In 2022, the estimated average employee contribution amount per participant for MAXAIR MECHANICAL 401(K) PLAN is $2,087

In 2022, the estimated average employer match for an employee in MAXAIR MECHANICAL 401(K) PLAN is approximately $637

In 2022, MAXAIR MECHANICAL 401(K) PLAN allocates $172,102 to match its employees’ contributions, providing an employer match rate of 31.05% of their contributions

In 2022, the total retirement plan asset growth rate of MAXAIR MECHANICAL 401(K) PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for MAXAIR MECHANICAL 401(K) PLAN is 13.19%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of MAXAIR MECHANICAL 401(K) PLAN is 0.01%.

Enrollment Features

MAXAIR MECHANICAL 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.