ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN is $16,273,854.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN is 290

In 2022, the average participant retirement account value for ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN is $56,116

In 2022, the estimated average employee contribution amount per participant for ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN is $1,744

In 2022, the estimated average employer match for an employee in ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN is approximately $430

In 2022, ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN allocates $124,769 to match its employees’ contributions, providing an employer match rate of 23.64% of their contributions

In 2022, the total retirement plan asset growth rate of ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN is -23.00%

In 2022, the estimated aggregate retirement account investment gain/loss for ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN is -16.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ACN EMPLOYEES’ SAVINGS AND RETIREMENT PLAN is 0.42%.

Enrollment Features

ACN EMPLOYEES’ SAVINGS AND 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.