BFOB 401(K) PLAN

At the end of 2022, the total retirement plan assets of BFOB 401(K) PLAN is $65,613,512.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in BFOB 401(K) PLAN is 1641

In 2022, the average participant retirement account value for BFOB 401(K) PLAN is $39,983

In 2022, the estimated average employee contribution amount per participant for BFOB 401(K) PLAN is $5,466

In 2022, the estimated average employer match for an employee in BFOB 401(K) PLAN is approximately $1,937

In 2022, BFOB 401(K) PLAN allocates $3,178,718 to match its employees’ contributions, providing an employer match rate of 70.87% of their contributions

In 2022, the total retirement plan asset growth rate of BFOB 401(K) PLAN is -14.24%

In 2022, the estimated aggregate retirement account investment gain/loss for BFOB 401(K) PLAN is -15.43%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BFOB 401(K) PLAN is 0.21%.

Enrollment Features

BFOB 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.