HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST
Plan Contact
- Address: 31 SCHOOL STREET,,GUILFORD,ME
- Contact person: AMANDA HULL
- Phone: (207) 279-9631
Plan General Information
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST is $25,104,446.00.This plan was established in 1993.
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST is 787
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2021, the average participant retirement account value for HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST is $31,898.00
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST is $5,318.00.
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST is approximately $1,147.00
Investing in this additonal $1,147.00 for 20 years would give you extra $73,416.00, assuming a 10% annual return.
Investing in this additonal $1,147.00 for 20 years would give you extra $73,416.00, assuming a 10% annual return.
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2021, HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST allocates $902,792.00 to match its employees' contributions, providing an employer match rate of 43.14% of their contributions
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST is 23.45%.
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST is 12.95%. This measures the effectiveness of the plan participants' investments in the year.
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST Expense Ratio
In 2021, the investment and administrative expense ratio of HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST is 0.16%.
Enrollment Features
HARDWOOD PRODUCTS COMPANY 401(K) PLAN AND TRUST 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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