HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR
Plan Contact
- Address: 325 NORTH HANOVER STREET,HASTINGS,MI
- Contact person: CAMERON VAN EYL
- Phone: (269) 945-2491
Plan General Information
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is $4,229,204.00.This plan was established in 2022.
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is 198
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Average Participant Retirement Account Value
In 2021, the average participant retirement account value for HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is $21,359.00
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is $1,660.00.
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is approximately $594.00
Investing in this additonal $594.00 for 20 years would give you extra $38,078.00, assuming a 10% annual return.
Investing in this additonal $594.00 for 20 years would give you extra $38,078.00, assuming a 10% annual return.
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Total Employer Contribution and Match Rate
In 2021, HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR allocates $117,805.00 to match its employees' contributions, providing an employer match rate of 35.83% of their contributions
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is 20.69%.
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is 13.31%. This measures the effectiveness of the plan participants' investments in the year.
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR Expense Ratio
In 2021, the investment and administrative expense ratio of HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR is 0.18%.
Enrollment Features
HASTINGS MANUFACTURING COMPANY HOURLY 401(K) RETIR 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.
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