BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is $12,101,437.This plan was established in 1991.

At the end of 2022, the total number of retirement plan participants in BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is 349

In 2022, the average participant retirement account value for BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is $34,674

In 2022, the estimated average employee contribution amount per participant for BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is $2,580

In 2022, the estimated average employer match for an employee in BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is approximately $876

In 2022, BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN allocates $305,984 to match its employees’ contributions, providing an employer match rate of 31.78% of their contributions

In 2022, the total retirement plan asset growth rate of BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is -10.10%

In 2022, the estimated aggregate retirement account investment gain/loss for BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is -16.79%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is 0.41%.

Enrollment Features

BAG MAKERS, 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.