PARR INSTRUMENT COMPANY 401(K) PLAN

At the end of 2022, the total retirement plan assets of PARR INSTRUMENT COMPANY 401(K) PLAN is $23,012,862.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in PARR INSTRUMENT COMPANY 401(K) PLAN is 118

In 2022, the average participant retirement account value for PARR INSTRUMENT COMPANY 401(K) PLAN is $195,024

In 2022, the estimated average employee contribution amount per participant for PARR INSTRUMENT COMPANY 401(K) PLAN is $6,569

In 2022, the estimated average employer match for an employee in PARR INSTRUMENT COMPANY 401(K) PLAN is approximately $5,299

In 2022, PARR INSTRUMENT COMPANY 401(K) PLAN allocates $625,326 to match its employees’ contributions, providing an employer match rate of 80.32% of their contributions

In 2022, the total retirement plan asset growth rate of PARR INSTRUMENT COMPANY 401(K) PLAN is -11.04%

In 2022, the estimated aggregate retirement account investment gain/loss for PARR INSTRUMENT COMPANY 401(K) PLAN is -15.46%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PARR INSTRUMENT COMPANY 401(K) PLAN is 0.02%.

Enrollment Features

PARR INSTRUMENT COMPANY 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.