48FORTY SOLUTIONS 401(K) PLAN

At the end of 2022, the total retirement plan assets of 48FORTY SOLUTIONS 401(K) PLAN is $32,753,939.This plan was established in 2018.

At the end of 2022, the total number of retirement plan participants in 48FORTY SOLUTIONS 401(K) PLAN is 3179

In 2022, the average participant retirement account value for 48FORTY SOLUTIONS 401(K) PLAN is $10,303

In 2022, the estimated average employee contribution amount per participant for 48FORTY SOLUTIONS 401(K) PLAN is $1,299

In 2022, the estimated average employer match for an employee in 48FORTY SOLUTIONS 401(K) PLAN is approximately $691

In 2022, 48FORTY SOLUTIONS 401(K) PLAN allocates $2,196,748 to match its employees’ contributions, providing an employer match rate of 53.44% of their contributions

In 2022, the total retirement plan asset growth rate of 48FORTY SOLUTIONS 401(K) PLAN is 45.21%

In 2022, the estimated aggregate retirement account investment gain/loss for 48FORTY SOLUTIONS 401(K) PLAN is 24.59%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of 48FORTY SOLUTIONS 401(K) PLAN is 0.20%.

Enrollment Features

48FORTY SOLUTIONS 401(K) 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.