RUNYON INDUSTRIES 401(K) PLAN

Overview

Plan Contact

  • Address: 4334 MILLINGTON ROAD,MEMPHIS,TN
  • Contact person: JACK MCINGVALE
  • Phone: (901) 563-6444

Plan General Information


At the end of 2022, the total retirement plan assets of RUNYON INDUSTRIES 401(K) PLAN is $871,196.This plan was established in 2015.

At the end of 2022, the total number of retirement plan participants in RUNYON INDUSTRIES 401(K) PLAN is 140

In 2022, the average participant retirement account value for RUNYON INDUSTRIES 401(K) PLAN is $6,222

In 2022, the estimated average employee contribution amount per participant for RUNYON INDUSTRIES 401(K) PLAN is $1,342

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

In 2022, RUNYON INDUSTRIES 401(K) PLAN allocates $100,759 to match its employees’ contributions, providing an employer match rate of 57.52% of their contributions

In 2022, the total retirement plan asset growth rate of RUNYON INDUSTRIES 401(K) PLAN is -2.87%

In 2022, the estimated aggregate retirement account investment gain/loss for RUNYON INDUSTRIES 401(K) PLAN is -16.85%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of RUNYON INDUSTRIES 401(K) PLAN is 0.61%.

Enrollment Features

RUNYON INDUSTRIES 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.