ASCEND SAVINGS & INVESTMENT PLAN

At the end of 2022, the total retirement plan assets of ASCEND SAVINGS & INVESTMENT PLAN is $458,444,610.This plan was established in 2009.

At the end of 2022, the total number of retirement plan participants in ASCEND SAVINGS & INVESTMENT PLAN is 2864

In 2022, the average participant retirement account value for ASCEND SAVINGS & INVESTMENT PLAN is $160,071

In 2022, the estimated average employee contribution amount per participant for ASCEND SAVINGS & INVESTMENT PLAN is $11,924

In 2022, the estimated average employer match for an employee in ASCEND SAVINGS & INVESTMENT PLAN is approximately $7,265

In 2022, ASCEND SAVINGS & INVESTMENT PLAN allocates $20,807,100 to match its employees’ contributions, providing an employer match rate of 62.26% of their contributions

In 2022, the total retirement plan asset growth rate of ASCEND SAVINGS & INVESTMENT PLAN is -11.80%

In 2022, the estimated aggregate retirement account investment gain/loss for ASCEND SAVINGS & INVESTMENT PLAN is -15.17%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ASCEND SAVINGS & INVESTMENT PLAN is 0.01%.

Enrollment Features

ASCEND SAVINGS & INVESTMENT 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.