PNC, INC. 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of PNC, INC. 401(K) RETIREMENT PLAN is $7,337,857.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in PNC, INC. 401(K) RETIREMENT PLAN is 164

In 2022, the average participant retirement account value for PNC, INC. 401(K) RETIREMENT PLAN is $44,743

In 2022, the estimated average employee contribution amount per participant for PNC, INC. 401(K) RETIREMENT PLAN is $1,475

In 2022, the estimated average employer match for an employee in PNC, INC. 401(K) RETIREMENT PLAN is approximately $299

In 2022, PNC, INC. 401(K) RETIREMENT PLAN allocates $49,145 to match its employees’ contributions, providing an employer match rate of 20.75% of their contributions

In 2022, the total retirement plan asset growth rate of PNC, INC. 401(K) RETIREMENT PLAN is -21.79%

In 2022, the estimated aggregate retirement account investment gain/loss for PNC, INC. 401(K) RETIREMENT PLAN is -16.39%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PNC, INC. 401(K) RETIREMENT PLAN is 0.48%.

Enrollment Features

PNC, INC. 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.