CAREAGE 401(K) PLAN

At the end of 2022, the total retirement plan assets of CAREAGE 401(K) PLAN is $7,784,299.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in CAREAGE 401(K) PLAN is 630

In 2022, the average participant retirement account value for CAREAGE 401(K) PLAN is $12,356

In 2022, the estimated average employee contribution amount per participant for CAREAGE 401(K) PLAN is $1,823

In 2022, the estimated average employer match for an employee in CAREAGE 401(K) PLAN is approximately $193

In 2022, CAREAGE 401(K) PLAN allocates $121,687 to match its employees’ contributions, providing an employer match rate of 10.47% of their contributions

In 2022, the total retirement plan asset growth rate of CAREAGE 401(K) PLAN is -8.12%

In 2022, the estimated aggregate retirement account investment gain/loss for CAREAGE 401(K) PLAN is -14.89%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of CAREAGE 401(K) PLAN is 0.28%.

Enrollment Features

CAREAGE 401(K) 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.