FARIA 401(K) COMMITTEE

At the end of 2022, the total retirement plan assets of FARIA 401(K) COMMITTEE is $2,880,119.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in FARIA 401(K) COMMITTEE is 146

In 2022, the average participant retirement account value for FARIA 401(K) COMMITTEE is $19,726

In 2022, the estimated average employee contribution amount per participant for FARIA 401(K) COMMITTEE is $731

In 2022, the estimated average employer match for an employee in FARIA 401(K) COMMITTEE is approximately $446

In 2022, FARIA 401(K) COMMITTEE allocates $65,169 to match its employees’ contributions, providing an employer match rate of 59.37% of their contributions

In 2022, the total retirement plan asset growth rate of FARIA 401(K) COMMITTEE is -14.58%

In 2022, the estimated aggregate retirement account investment gain/loss for FARIA 401(K) COMMITTEE is -12.00%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FARIA 401(K) COMMITTEE is 0.63%.

Enrollment Features

FARIA 401(K) COMMITTEE has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.