BAYFIRST SOLUTIONS 401(K) PLAN

At the end of 2021, the total retirement plan assets of BAYFIRST SOLUTIONS 401(K) PLAN is $8,305,478.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in BAYFIRST SOLUTIONS 401(K) PLAN is 209

In 2021, the average participant retirement account value for BAYFIRST SOLUTIONS 401(K) PLAN is $39,739

In 2021, the estimated average employee contribution amount per participant for BAYFIRST SOLUTIONS 401(K) PLAN is $4,849

In 2021, the estimated average employer match for an employee in BAYFIRST SOLUTIONS 401(K) PLAN is approximately $1,969

In 2021, BAYFIRST SOLUTIONS 401(K) PLAN allocates $411,579 to match its employees’ contributions, providing an employer match rate of 40.61% of their contributions

In 2021, the total retirement plan asset growth rate of BAYFIRST SOLUTIONS 401(K) PLAN is -23.27%

In 2021, the estimated aggregate retirement account investment gain/loss for BAYFIRST SOLUTIONS 401(K) PLAN is 15.27%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of BAYFIRST SOLUTIONS 401(K) PLAN is 0.46%.

Enrollment Features

BAYFIRST SOLUTIONS 401(K) 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.