401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of 401(K) RETIREMENT PLAN is $5,551,266.This plan was established in 2022.

At the end of 2022, the total number of retirement plan participants in 401(K) RETIREMENT PLAN is 3464

In 2022, the average participant retirement account value for 401(K) RETIREMENT PLAN is $1,602

In 2022, the estimated average employee contribution amount per participant for 401(K) RETIREMENT PLAN is $86

In 2022, the estimated average employer match for an employee in 401(K) RETIREMENT PLAN is approximately $42

In 2022, 401(K) RETIREMENT PLAN allocates $147,302 to match its employees’ contributions, providing an employer match rate of 49.38% of their contributions

In 2022, the total retirement plan asset growth rate of 401(K) RETIREMENT PLAN is -4.77%

In 2022, the estimated aggregate retirement account investment gain/loss for 401(K) RETIREMENT PLAN is 0.53%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of 401(K) RETIREMENT PLAN is 1.12%.

Enrollment Features

401(K) RETIREMENT PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.