UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN
Overview
Plan Contact
- Address: 10810 KATY FREEWAY,,HOUSTON,TX
- Contact person: ALVIN PIERCE
- Phone: (713) 467-1000
Plan General Information
At the end of 2022, the total retirement plan assets of UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN is $16,704,013.This plan was established in 1959.
At the end of 2022, the total number of retirement plan participants in UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN is 796
In 2022, the average participant retirement account value for UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN is $20,984
In 2022, the estimated average employee contribution amount per participant for UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN is $2,561
In 2022, the estimated average employer match for an employee in UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN is approximately $663
In 2022, UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN allocates $528,243 to match its employees’ contributions, providing an employer match rate of 28.76% of their contributions
In 2022, the total retirement plan asset growth rate of UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN is -30.32%
In 2022, the estimated aggregate retirement account investment gain/loss for UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN is -18.49%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of UTEX INDUSTRIES, INC. EMPLOYEES’ 401(K) PLAN is 0.60%.
Enrollment Features
UTEX INDUSTRIES, INC. EMPLOYEES’ 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.