ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN
- Address: 4005 MORRILL ROAD,JACKSON,MI
- Contact person: SHELLEY ZONTS
- Phone: (517) 783-2713
ADVANCE TURNING & MANUFACTURING, 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.
At the end of 2022, the total retirement plan assets of ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN is $18,236,587.00.This plan was established in 1978.
At the end of 2022, the total number of retirement plan participants in ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN is 260
In 2022, the average participant retirement account value for ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN is $70,140.00
In 2022, the estimated average employee contribution amount per participant for ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN is $6,784.00
In 2022, the estimated average employer match for an employee in ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN is approximately $1,208.00
In 2022, ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN allocates $314,330.00 to match its employees' contributions, providing an employer match rate of 35.64% of their contributions
In 2022, the total retirement plan asset growth rate of ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN is -20.76%
In 2022, the estimated aggregate retirement account investment gain/loss for ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN is -19.77%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of ADVANCE TURNING & MANUFACTURING, INC. 401(K) PLAN is 0.58%.
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