RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN

At the end of 2022, the total retirement plan assets of RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN is $10,494,316.This plan was established in 1990.

At the end of 2022, the total number of retirement plan participants in RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN is 179

In 2022, the average participant retirement account value for RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN is $58,627

In 2022, the estimated average employee contribution amount per participant for RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN is $2,325

In 2022, the estimated average employer match for an employee in RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN is approximately $428

In 2022, RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN allocates $76,752 to match its employees’ contributions, providing an employer match rate of 18.49% of their contributions

In 2022, the total retirement plan asset growth rate of RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN is -19.94%

In 2022, the estimated aggregate retirement account investment gain/loss for RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN is -16.40%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of RK STRATMAN, INC. 401(K) PROFIT-SHARING PLAN is 0.45%.

Enrollment Features

RK STRATMAN, INC. 401(K) PROFIT-SHARING 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.