401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC.

At the end of 2022, the total retirement plan assets of 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. is $4,656,393.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. is 213

In 2022, the average participant retirement account value for 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. is $21,861

In 2022, the estimated average employee contribution amount per participant for 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. is $2,673

In 2022, the estimated average employer match for an employee in 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. is approximately $833

In 2022, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. allocates $177,473 to match its employees’ contributions, providing an employer match rate of 62.32% of their contributions

In 2022, the total retirement plan asset growth rate of 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. is -17.00%

In 2022, the estimated aggregate retirement account investment gain/loss for 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. is -14.57%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. is 0.35%.

Enrollment Features

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ACADIANA C.A.R.E.S., INC. 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.