RUSSO HARDWARE INC 401(K) PLAN

At the end of 2022, the total retirement plan assets of RUSSO HARDWARE INC 401(K) PLAN is $11,022,686.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in RUSSO HARDWARE INC 401(K) PLAN is 209

In 2022, the average participant retirement account value for RUSSO HARDWARE INC 401(K) PLAN is $52,740

In 2022, the estimated average employee contribution amount per participant for RUSSO HARDWARE INC 401(K) PLAN is $2,895

In 2022, the estimated average employer match for an employee in RUSSO HARDWARE INC 401(K) PLAN is approximately $1,943

In 2022, RUSSO HARDWARE INC 401(K) PLAN allocates $406,112 to match its employees’ contributions, providing an employer match rate of 64.78% of their contributions

In 2022, the total retirement plan asset growth rate of RUSSO HARDWARE INC 401(K) PLAN is -13.75%

In 2022, the estimated aggregate retirement account investment gain/loss for RUSSO HARDWARE INC 401(K) PLAN is -17.86%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of RUSSO HARDWARE INC 401(K) PLAN is 0.40%.

Enrollment Features

RUSSO HARDWARE INC 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.