PMC GROUP 401(K) PLAN

At the end of 2021, the total retirement plan assets of PMC GROUP 401(K) PLAN is $47,788,774.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in PMC GROUP 401(K) PLAN is 424

In 2021, the average participant retirement account value for PMC GROUP 401(K) PLAN is $112,709

In 2021, the estimated average employee contribution amount per participant for PMC GROUP 401(K) PLAN is $7,581

In 2021, the estimated average employer match for an employee in PMC GROUP 401(K) PLAN is approximately $3,438

In 2021, PMC GROUP 401(K) PLAN allocates $1,457,935 to match its employees’ contributions, providing an employer match rate of 45.36% of their contributions

In 2021, the total retirement plan asset growth rate of PMC GROUP 401(K) PLAN is 16.36%

In 2021, the estimated aggregate retirement account investment gain/loss for PMC GROUP 401(K) PLAN is 13.88%. This measures the effectiveness of the plan participants’ investments in the year.

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

Enrollment Features

PMC GROUP 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.