UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN
Overview
Plan Contact
- Address: 420 ROTH STREET,,REED CITY,MI
- Phone: (231) 832-2297
Plan General Information
At the end of 2022, the total retirement plan assets of UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN is $33,901,533.This plan was established in 1980.
At the end of 2022, the total number of retirement plan participants in UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN is 430
In 2022, the average participant retirement account value for UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN is $78,840
In 2022, the estimated average employee contribution amount per participant for UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN is $4,356
In 2022, the estimated average employer match for an employee in UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN is approximately $2,459
In 2022, UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN allocates $1,057,593 to match its employees’ contributions, providing an employer match rate of 59.22% of their contributions
In 2022, the total retirement plan asset growth rate of UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN is -11.48%
In 2022, the estimated aggregate retirement account investment gain/loss for UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN is -12.87%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of UTILITY SUPPLY AND CONSTRUCTION COMPANY SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN is 0.03%.