DANA INNOVATIONS, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of DANA INNOVATIONS, INC. 401(K) PLAN is $19,509,627.This plan was established in 2002.

At the end of 2022, the total number of retirement plan participants in DANA INNOVATIONS, INC. 401(K) PLAN is 249

In 2022, the average participant retirement account value for DANA INNOVATIONS, INC. 401(K) PLAN is $78,351

In 2022, the estimated average employee contribution amount per participant for DANA INNOVATIONS, INC. 401(K) PLAN is $7,974

In 2022, the estimated average employer match for an employee in DANA INNOVATIONS, INC. 401(K) PLAN is approximately $2,357

In 2022, DANA INNOVATIONS, INC. 401(K) PLAN allocates $587,004 to match its employees’ contributions, providing an employer match rate of 32.29% of their contributions

In 2022, the total retirement plan asset growth rate of DANA INNOVATIONS, INC. 401(K) PLAN is -8.94%

In 2022, the estimated aggregate retirement account investment gain/loss for DANA INNOVATIONS, INC. 401(K) PLAN is -18.40%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of DANA INNOVATIONS, INC. 401(K) PLAN is 0.24%.

Enrollment Features

DANA INNOVATIONS, INC. 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.
    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.