SALTCHUK COMPANIES 401(K) PLAN

At the end of 2022, the total retirement plan assets of SALTCHUK COMPANIES 401(K) PLAN is $508,557,394.This plan was established in 2017.

At the end of 2022, the total number of retirement plan participants in SALTCHUK COMPANIES 401(K) PLAN is 6115

In 2022, the average participant retirement account value for SALTCHUK COMPANIES 401(K) PLAN is $83,165

In 2022, the estimated average employee contribution amount per participant for SALTCHUK COMPANIES 401(K) PLAN is $5,027

In 2022, the estimated average employer match for an employee in SALTCHUK COMPANIES 401(K) PLAN is approximately $2,987

In 2022, SALTCHUK COMPANIES 401(K) PLAN allocates $18,268,454 to match its employees’ contributions, providing an employer match rate of 60.66% of their contributions

In 2022, the total retirement plan asset growth rate of SALTCHUK COMPANIES 401(K) PLAN is -13.84%

In 2022, the estimated aggregate retirement account investment gain/loss for SALTCHUK COMPANIES 401(K) PLAN is -15.52%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of SALTCHUK COMPANIES 401(K) PLAN is 0.09%.

Enrollment Features

SALTCHUK COMPANIES 401(K) 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.
    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.