AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN

At the end of 2022, the total retirement plan assets of AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN is $69,598,036.This plan was established in 1986.

At the end of 2022, the total number of retirement plan participants in AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN is 427

In 2022, the average participant retirement account value for AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN is $162,993

In 2022, the estimated average employee contribution amount per participant for AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN is $7,698

In 2022, the estimated average employer match for an employee in AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN is approximately $2,844

In 2022, AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN allocates $1,214,603 to match its employees’ contributions, providing an employer match rate of 35.46% of their contributions

In 2022, the total retirement plan asset growth rate of AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN is -15.68%

In 2022, the estimated aggregate retirement account investment gain/loss for AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN is -15.15%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN is 0.09%.

Enrollment Features

AKRF, INC. PROFIT SHARING PLAN AND 401(K) 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.