UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN is $13,782,049.This plan was established in 1985.

At the end of 2022, the total number of retirement plan participants in UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN is 145

In 2022, the average participant retirement account value for UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN is $95,048

In 2022, the estimated average employee contribution amount per participant for UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN is $111

In 2022, the estimated average employer match for an employee in UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN is approximately $6,701

In 2022, UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN allocates $971,758 to match its employees’ contributions, providing an employer match rate of 6908.07% of their contributions

In 2022, the total retirement plan asset growth rate of UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN is -15.69%

In 2022, the estimated aggregate retirement account investment gain/loss for UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN is -10.54%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of UTILITY CONTRACTING CO. PROFIT-SHARING RETIREMENT PLAN is 0.17%.

Enrollment Features

UTILITY CONTRACTING CO. PROFIT-SHARING 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.