BARFIELD, INC. 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of BARFIELD, INC. 401(K) SAVINGS PLAN is $16,655,529.This plan was established in 2007.

At the end of 2022, the total number of retirement plan participants in BARFIELD, INC. 401(K) SAVINGS PLAN is 447

In 2022, the average participant retirement account value for BARFIELD, INC. 401(K) SAVINGS PLAN is $37,260

In 2022, the estimated average employee contribution amount per participant for BARFIELD, INC. 401(K) SAVINGS PLAN is $2,640

In 2022, the estimated average employer match for an employee in BARFIELD, INC. 401(K) SAVINGS PLAN is approximately $781

In 2022, BARFIELD, INC. 401(K) SAVINGS PLAN allocates $349,131 to match its employees’ contributions, providing an employer match rate of 28.86% of their contributions

In 2022, the total retirement plan asset growth rate of BARFIELD, INC. 401(K) SAVINGS PLAN is -13.89%

In 2022, the estimated aggregate retirement account investment gain/loss for BARFIELD, INC. 401(K) SAVINGS PLAN is -12.31%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BARFIELD, INC. 401(K) SAVINGS PLAN is 0.98%.

Enrollment Features

BARFIELD, INC. 401(K) SAVINGS 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.