PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is $928,381.This plan was established in 2019.

At the end of 2022, the total number of retirement plan participants in PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is 142

In 2022, the average participant retirement account value for PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is $6,537

In 2022, the estimated average employee contribution amount per participant for PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is $1,809

In 2022, the estimated average employer match for an employee in PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is approximately $601

In 2022, PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN allocates $85,479 to match its employees’ contributions, providing an employer match rate of 66.53% of their contributions

In 2022, the total retirement plan asset growth rate of PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is -3.54%

In 2022, the estimated aggregate retirement account investment gain/loss for PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is -8.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PHENIX ENGINEERED TEXTILES, INC. 401(K) PLAN is 1.24%.

Enrollment Features

PHENIX ENGINEERED TEXTILES, 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.