AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN is $2,977,115.This plan was established in 2012.

At the end of 2022, the total number of retirement plan participants in AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN is 468

In 2022, the average participant retirement account value for AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN is $6,361

In 2022, the estimated average employee contribution amount per participant for AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN is $1,071

In 2022, the estimated average employer match for an employee in AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN is approximately $711

In 2022, AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN allocates $332,882 to match its employees’ contributions, providing an employer match rate of 74.00% of their contributions

In 2022, the total retirement plan asset growth rate of AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN is -8.04%

In 2022, the estimated aggregate retirement account investment gain/loss for AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN is -16.45%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN is 1.21%.

Enrollment Features

AFFORDABLE BUSINESS SOLUTIONS 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.