ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN
Plan Contact
- Address: W194N11811 MCCORMICK DRIVE,GERMANTOWN,WI
- Phone: (262) 703-0455
Plan General Information
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN is $6,355,750.00.This plan was established in 1974.
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN is 117
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN is $54,322.00
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN is $2,829.00.
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN is approximately $633.00
Investing in this additonal $633.00 for 20 years would give you extra $40,570.00, assuming a 10% annual return.
Investing in this additonal $633.00 for 20 years would give you extra $40,570.00, assuming a 10% annual return.
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2022, ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN allocates $74,168.00 to match its employees' contributions, providing an employer match rate of 23.41% of their contributions
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN is -21.42%.
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN is -16.40%. This measures the effectiveness of the plan participants' investments in the year.
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS PLAN is 0.51%.
Enrollment Features
ULTRA TOOL & MANUFACTURING., INC. 401(K) SAVINGS 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.
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