BYSTRONIC INC. 401(K) PROFIT SHARING PLAN
- Address: 2200 W CENTRAL ROAD,HOFFMAN ESTATES,IL
- Contact person: NANCY OFFDENKAMP
- Phone: (847) 214-0300
| Investment Options of BYSTRONIC INC. 401(K) PROFIT SHARING PLAN (as of 2022) |
|---|
| STABLE VALUE FUND CIT, SERIES 25157 (RELIANCE TRUST COMPANY) |
| STABLE VALUE FUND CIT, SERIES 25053 (RELIANCE TRUST COMPANY) |
BYSTRONIC INC. 401(K) PROFIT SHARING 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.
At the end of 2022, the total retirement plan assets of BYSTRONIC INC. 401(K) PROFIT SHARING PLAN is $16,570,554.00.This plan was established in 1988.
At the end of 2022, the total number of retirement plan participants in BYSTRONIC INC. 401(K) PROFIT SHARING PLAN is 230
In 2022, the average participant retirement account value for BYSTRONIC INC. 401(K) PROFIT SHARING PLAN is $72,045.00
In 2022, the estimated average employee contribution amount per participant for BYSTRONIC INC. 401(K) PROFIT SHARING PLAN is $7,508.00
In 2022, the estimated average employer match for an employee in BYSTRONIC INC. 401(K) PROFIT SHARING PLAN is approximately $2,793.00
In 2022, BYSTRONIC INC. 401(K) PROFIT SHARING PLAN allocates $642,562.00 to match its employees' contributions, providing an employer match rate of 40.95% of their contributions
In 2022, the total retirement plan asset growth rate of BYSTRONIC INC. 401(K) PROFIT SHARING PLAN is -6.75%
In 2022, the estimated aggregate retirement account investment gain/loss for BYSTRONIC INC. 401(K) PROFIT SHARING PLAN is -15.23%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of BYSTRONIC INC. 401(K) PROFIT SHARING PLAN is 0.50%.
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