FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN

At the end of 2022, the total retirement plan assets of FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN is $38,939,746.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN is 1244

In 2022, the average participant retirement account value for FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN is $31,302

In 2022, the estimated average employee contribution amount per participant for FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN is $2,375

In 2022, the estimated average employer match for an employee in FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN is approximately $391

In 2022, FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN allocates $487,186 to match its employees’ contributions, providing an employer match rate of 17.18% of their contributions

In 2022, the total retirement plan asset growth rate of FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN is -15.68%

In 2022, the estimated aggregate retirement account investment gain/loss for FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN is -13.58%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN is 0.58%.

Enrollment Features

FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 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.