FABRICUT, INC. 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of FABRICUT, INC. 401(K) RETIREMENT PLAN is $34,435,078.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in FABRICUT, INC. 401(K) RETIREMENT PLAN is 417

In 2022, the average participant retirement account value for FABRICUT, INC. 401(K) RETIREMENT PLAN is $82,578

In 2022, the estimated average employee contribution amount per participant for FABRICUT, INC. 401(K) RETIREMENT PLAN is $4,086

In 2022, the estimated average employer match for an employee in FABRICUT, INC. 401(K) RETIREMENT PLAN is approximately $1,270

In 2022, FABRICUT, INC. 401(K) RETIREMENT PLAN allocates $529,942 to match its employees’ contributions, providing an employer match rate of 32.38% of their contributions

In 2022, the total retirement plan asset growth rate of FABRICUT, INC. 401(K) RETIREMENT PLAN is -15.94%

In 2022, the estimated aggregate retirement account investment gain/loss for FABRICUT, INC. 401(K) RETIREMENT PLAN is -15.76%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FABRICUT, INC. 401(K) RETIREMENT PLAN is 0.03%.

Enrollment Features

FABRICUT, INC. 401(K) RETIREMENT 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.