RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

At the end of 2022, the total retirement plan assets of RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is $11,903,889.This plan was established in 1989.

At the end of 2022, the total number of retirement plan participants in RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is 152

In 2022, the average participant retirement account value for RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is $78,315

In 2022, the estimated average employee contribution amount per participant for RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is $2,158

In 2022, the estimated average employer match for an employee in RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is approximately $3,512

In 2022, RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN allocates $533,946 to match its employees’ contributions, providing an employer match rate of 163.83% of their contributions

In 2022, the total retirement plan asset growth rate of RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is 12.05%

In 2022, the estimated aggregate retirement account investment gain/loss for RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is 8.21%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is 0.18%.

Enrollment Features

RAPID-LINE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS 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.