SAVAGE ARMS UNION RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of SAVAGE ARMS UNION RETIREMENT PLAN is $5,260,926.This plan was established in 2019.

At the end of 2022, the total number of retirement plan participants in SAVAGE ARMS UNION RETIREMENT PLAN is 372

In 2022, the average participant retirement account value for SAVAGE ARMS UNION RETIREMENT PLAN is $14,142

In 2022, the estimated average employee contribution amount per participant for SAVAGE ARMS UNION RETIREMENT PLAN is $1,513

In 2022, the estimated average employer match for an employee in SAVAGE ARMS UNION RETIREMENT PLAN is approximately $911

In 2022, SAVAGE ARMS UNION RETIREMENT PLAN allocates $338,978 to match its employees’ contributions, providing an employer match rate of 63.01% of their contributions

In 2022, the total retirement plan asset growth rate of SAVAGE ARMS UNION RETIREMENT PLAN is -9.08%

In 2022, the estimated aggregate retirement account investment gain/loss for SAVAGE ARMS UNION RETIREMENT PLAN is -15.10%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of SAVAGE ARMS UNION RETIREMENT PLAN is 0.55%.

Enrollment Features

SAVAGE ARMS UNION RETIREMENT PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.