BACKROADS, INC. 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of BACKROADS, INC. 401(K) PROFIT SHARING PLAN is $30,891,862.This plan was established in 1991.

At the end of 2022, the total number of retirement plan participants in BACKROADS, INC. 401(K) PROFIT SHARING PLAN is 494

In 2022, the average participant retirement account value for BACKROADS, INC. 401(K) PROFIT SHARING PLAN is $62,534

In 2022, the estimated average employee contribution amount per participant for BACKROADS, INC. 401(K) PROFIT SHARING PLAN is $4,735

In 2022, the estimated average employer match for an employee in BACKROADS, INC. 401(K) PROFIT SHARING PLAN is approximately $583

In 2022, BACKROADS, INC. 401(K) PROFIT SHARING PLAN allocates $288,340 to match its employees’ contributions, providing an employer match rate of 14.69% of their contributions

In 2022, the total retirement plan asset growth rate of BACKROADS, INC. 401(K) PROFIT SHARING PLAN is -16.59%

In 2022, the estimated aggregate retirement account investment gain/loss for BACKROADS, INC. 401(K) PROFIT SHARING PLAN is -17.87%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BACKROADS, INC. 401(K) PROFIT SHARING PLAN is 0.01%.

Enrollment Features

BACKROADS, INC. 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.