AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN is $16,226,316.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN is 371

In 2022, the average participant retirement account value for AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN is $43,736

In 2022, the estimated average employee contribution amount per participant for AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN is $1,187

In 2022, the estimated average employer match for an employee in AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN is approximately $331

In 2022, AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN allocates $123,060 to match its employees’ contributions, providing an employer match rate of 27.86% of their contributions

In 2022, the total retirement plan asset growth rate of AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN is -20.92%

In 2022, the estimated aggregate retirement account investment gain/loss for AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN is -16.63%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN is 0.39%.

Enrollment Features

AMERICAN FUTURE SYSTEMS, INC. 401(K) SAVINGS AND PROFIT SHARING 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.