FARMERS EDGE INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of FARMERS EDGE INC. 401(K) PLAN is $3,258,632.This plan was established in 2015.

At the end of 2022, the total number of retirement plan participants in FARMERS EDGE INC. 401(K) PLAN is 222

In 2022, the average participant retirement account value for FARMERS EDGE INC. 401(K) PLAN is $14,678

In 2022, the estimated average employee contribution amount per participant for FARMERS EDGE INC. 401(K) PLAN is $3,049

In 2022, the estimated average employer match for an employee in FARMERS EDGE INC. 401(K) PLAN is approximately $1,026

In 2022, FARMERS EDGE INC. 401(K) PLAN allocates $227,968 to match its employees’ contributions, providing an employer match rate of 37.10% of their contributions

In 2022, the total retirement plan asset growth rate of FARMERS EDGE INC. 401(K) PLAN is -12.19%

In 2022, the estimated aggregate retirement account investment gain/loss for FARMERS EDGE INC. 401(K) PLAN is -18.07%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FARMERS EDGE INC. 401(K) PLAN is 1.16%.

Enrollment Features

FARMERS EDGE 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.