TK ELEVATOR RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of TK ELEVATOR RETIREMENT SAVINGS PLAN is $523,546,628.This plan was established in 1998.

At the end of 2022, the total number of retirement plan participants in TK ELEVATOR RETIREMENT SAVINGS PLAN is 5566

In 2022, the average participant retirement account value for TK ELEVATOR RETIREMENT SAVINGS PLAN is $94,061

In 2022, the estimated average employee contribution amount per participant for TK ELEVATOR RETIREMENT SAVINGS PLAN is $5,122

In 2022, the estimated average employer match for an employee in TK ELEVATOR RETIREMENT SAVINGS PLAN is approximately $3,093

In 2022, TK ELEVATOR RETIREMENT SAVINGS PLAN allocates $17,220,621 to match its employees’ contributions, providing an employer match rate of 62.40% of their contributions

In 2022, the total retirement plan asset growth rate of TK ELEVATOR RETIREMENT SAVINGS PLAN is -20.27%

In 2022, the estimated aggregate retirement account investment gain/loss for TK ELEVATOR RETIREMENT SAVINGS PLAN is -19.05%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of TK ELEVATOR RETIREMENT SAVINGS PLAN is -0.00%.

Enrollment Features

TK ELEVATOR RETIREMENT 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.