ARNIE’S, INC. 401(K) PLAN
Overview
Plan Contact
- Address: 815 LEONARD STREET NW,GRAND RAPIDS,MI
- Contact person: ERIK FAHLEN
- Phone: (616) 458-1107
Plan General Information
At the end of 2022, the total retirement plan assets of ARNIE’S, INC. 401(K) PLAN is $2,477,255.This plan was established in 1986.
At the end of 2022, the total number of retirement plan participants in ARNIE’S, INC. 401(K) PLAN is 136
In 2022, the average participant retirement account value for ARNIE’S, INC. 401(K) PLAN is $18,215
In 2022, the estimated average employee contribution amount per participant for ARNIE’S, INC. 401(K) PLAN is $989
In 2022, the estimated average employer match for an employee in ARNIE’S, INC. 401(K) PLAN is approximately $463
In 2022, ARNIE’S, INC. 401(K) PLAN allocates $62,990 to match its employees’ contributions, providing an employer match rate of 45.97% of their contributions
In 2022, the total retirement plan asset growth rate of ARNIE’S, INC. 401(K) PLAN is -10.82%
In 2022, the estimated aggregate retirement account investment gain/loss for ARNIE’S, INC. 401(K) PLAN is -7.94%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of ARNIE’S, INC. 401(K) PLAN is 0.94%.
Enrollment Features
ARNIE’S, INC. 401(K) 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.