AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is $22,406,525.This plan was established in 2016.

At the end of 2022, the total number of retirement plan participants in AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is 329

In 2022, the average participant retirement account value for AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is $68,104

In 2022, the estimated average employee contribution amount per participant for AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is $4,538

In 2022, the estimated average employer match for an employee in AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is approximately $502

In 2022, AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN allocates $165,171 to match its employees’ contributions, providing an employer match rate of 11.91% of their contributions

In 2022, the total retirement plan asset growth rate of AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is -20.28%

In 2022, the estimated aggregate retirement account investment gain/loss for AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is -16.91%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AXIOM RESOURCE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is 0.39%.

Enrollment Features

AXIOM RESOURCE MANAGEMENT, INC. 401(K) 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.