FAMILIES, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of FAMILIES, INC. 401(K) PLAN is $10,228,485.This plan was established in 2004.

At the end of 2022, the total number of retirement plan participants in FAMILIES, INC. 401(K) PLAN is 215

In 2022, the average participant retirement account value for FAMILIES, INC. 401(K) PLAN is $47,574

In 2022, the estimated average employee contribution amount per participant for FAMILIES, INC. 401(K) PLAN is $2,131

In 2022, the estimated average employer match for an employee in FAMILIES, INC. 401(K) PLAN is approximately $1,233

In 2022, FAMILIES, INC. 401(K) PLAN allocates $265,276 to match its employees’ contributions, providing an employer match rate of 55.81% of their contributions

In 2022, the total retirement plan asset growth rate of FAMILIES, INC. 401(K) PLAN is -24.57%

In 2022, the estimated aggregate retirement account investment gain/loss for FAMILIES, INC. 401(K) PLAN is -17.37%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FAMILIES, INC. 401(K) PLAN is 0.54%.

Enrollment Features

FAMILIES, INC. 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.