PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN

At the end of 2022, the total retirement plan assets of PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN is $13,807,349.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN is 349

In 2022, the average participant retirement account value for PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN is $39,562

In 2022, the estimated average employee contribution amount per participant for PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN is $5,398

In 2022, the estimated average employer match for an employee in PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN is approximately $444

In 2022, PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN allocates $155,301 to match its employees’ contributions, providing an employer match rate of 16.49% of their contributions

In 2022, the total retirement plan asset growth rate of PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN is -10.14%

In 2022, the estimated aggregate retirement account investment gain/loss for PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN is -14.57%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 401(K) PLAN is 0.38%.

Enrollment Features

PANKL HOLDINGS, INC. & AFFILIATED EMPLOYER 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.