FAMILY FARM & HOME RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of FAMILY FARM & HOME RETIREMENT PLAN is $6,202,190.This plan was established in 2007.

At the end of 2022, the total number of retirement plan participants in FAMILY FARM & HOME RETIREMENT PLAN is 541

In 2022, the average participant retirement account value for FAMILY FARM & HOME RETIREMENT PLAN is $11,464

In 2022, the estimated average employee contribution amount per participant for FAMILY FARM & HOME RETIREMENT PLAN is $1,689

In 2022, the estimated average employer match for an employee in FAMILY FARM & HOME RETIREMENT PLAN is approximately $582

In 2022, FAMILY FARM & HOME RETIREMENT PLAN allocates $315,070 to match its employees’ contributions, providing an employer match rate of 35.70% of their contributions

In 2022, the total retirement plan asset growth rate of FAMILY FARM & HOME RETIREMENT PLAN is -4.32%

In 2022, the estimated aggregate retirement account investment gain/loss for FAMILY FARM & HOME RETIREMENT PLAN is -15.12%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FAMILY FARM & HOME RETIREMENT PLAN is 0.62%.

Enrollment Features

FAMILY FARM & HOME 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.