PMC 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of PMC 401(K) RETIREMENT PLAN is $7,193,322.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in PMC 401(K) RETIREMENT PLAN is 159

In 2022, the average participant retirement account value for PMC 401(K) RETIREMENT PLAN is $45,241

In 2022, the estimated average employee contribution amount per participant for PMC 401(K) RETIREMENT PLAN is $3,284

In 2022, the estimated average employer match for an employee in PMC 401(K) RETIREMENT PLAN is approximately $1,719

In 2022, PMC 401(K) RETIREMENT PLAN allocates $273,431 to match its employees’ contributions, providing an employer match rate of 46.63% of their contributions

In 2022, the total retirement plan asset growth rate of PMC 401(K) RETIREMENT PLAN is -11.95%

In 2022, the estimated aggregate retirement account investment gain/loss for PMC 401(K) RETIREMENT PLAN is -18.53%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PMC 401(K) RETIREMENT PLAN is 0.23%.

Enrollment Features

PMC 401(K) RETIREMENT 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.