401K RETIREMENT PLAN

At the end of 2021, the total retirement plan assets of 401K RETIREMENT PLAN is $16,268,808.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in 401K RETIREMENT PLAN is 1285

In 2021, the average participant retirement account value for 401K RETIREMENT PLAN is $12,660

In 2021, the estimated average employee contribution amount per participant for 401K RETIREMENT PLAN is $1,251

In 2021, the estimated average employer match for an employee in 401K RETIREMENT PLAN is approximately $632

In 2021, 401K RETIREMENT PLAN allocates $812,604 to match its employees’ contributions, providing an employer match rate of 50.54% of their contributions

In 2021, the total retirement plan asset growth rate of 401K RETIREMENT PLAN is 17.13%

In 2021, the estimated aggregate retirement account investment gain/loss for 401K RETIREMENT PLAN is 14.18%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of 401K RETIREMENT PLAN is 0.48%.

Enrollment Features

401K RETIREMENT 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.