ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K)

At the end of 2022, the total retirement plan assets of ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) is $161,907,381.This plan was established in 1984.

At the end of 2022, the total number of retirement plan participants in ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) is 7251

In 2022, the average participant retirement account value for ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) is $22,328

In 2022, the estimated average employee contribution amount per participant for ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) is $1,850

In 2022, the estimated average employer match for an employee in ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) is approximately $879

In 2022, ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) allocates $6,380,853 to match its employees’ contributions, providing an employer match rate of 47.61% of their contributions

In 2022, the total retirement plan asset growth rate of ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) is -13.36%

In 2022, the estimated aggregate retirement account investment gain/loss for ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) is -13.75%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) is 0.28%.

Enrollment Features

ACTS RETIREMENT – LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN – 401(K) 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.