UTILITY SERVICE CO, INC 401K PLAN

At the end of 2022, the total retirement plan assets of UTILITY SERVICE CO, INC 401K PLAN is $20,715,118.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in UTILITY SERVICE CO, INC 401K PLAN is 481

In 2022, the average participant retirement account value for UTILITY SERVICE CO, INC 401K PLAN is $43,066

In 2022, the estimated average employee contribution amount per participant for UTILITY SERVICE CO, INC 401K PLAN is $3,404

In 2022, the estimated average employer match for an employee in UTILITY SERVICE CO, INC 401K PLAN is approximately $650

In 2022, UTILITY SERVICE CO, INC 401K PLAN allocates $312,721 to match its employees’ contributions, providing an employer match rate of 17.45% of their contributions

In 2022, the total retirement plan asset growth rate of UTILITY SERVICE CO, INC 401K PLAN is -10.65%

In 2022, the estimated aggregate retirement account investment gain/loss for UTILITY SERVICE CO, INC 401K PLAN is -13.92%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of UTILITY SERVICE CO, INC 401K PLAN is 0.42%.

Enrollment Features

UTILITY SERVICE CO, INC 401K PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.