AMVC 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of AMVC 401(K) PROFIT SHARING PLAN is $18,410,231.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in AMVC 401(K) PROFIT SHARING PLAN is 577

In 2022, the average participant retirement account value for AMVC 401(K) PROFIT SHARING PLAN is $31,906

In 2022, the estimated average employee contribution amount per participant for AMVC 401(K) PROFIT SHARING PLAN is $2,392

In 2022, the estimated average employer match for an employee in AMVC 401(K) PROFIT SHARING PLAN is approximately $927

In 2022, AMVC 401(K) PROFIT SHARING PLAN allocates $535,086 to match its employees’ contributions, providing an employer match rate of 37.59% of their contributions

In 2022, the total retirement plan asset growth rate of AMVC 401(K) PROFIT SHARING PLAN is -17.70%

In 2022, the estimated aggregate retirement account investment gain/loss for AMVC 401(K) PROFIT SHARING PLAN is -19.55%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AMVC 401(K) PROFIT SHARING PLAN is 0.50%.

Enrollment Features

AMVC 401(K) PROFIT SHARING 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.