FAULKNER GROUP 401(K) PLAN

At the end of 2022, the total retirement plan assets of FAULKNER GROUP 401(K) PLAN is $91,737,851.This plan was established in 1981.

At the end of 2022, the total number of retirement plan participants in FAULKNER GROUP 401(K) PLAN is 1974

In 2022, the average participant retirement account value for FAULKNER GROUP 401(K) PLAN is $46,473

In 2022, the estimated average employee contribution amount per participant for FAULKNER GROUP 401(K) PLAN is $3,938

In 2022, the estimated average employer match for an employee in FAULKNER GROUP 401(K) PLAN is approximately $1,081

In 2022, FAULKNER GROUP 401(K) PLAN allocates $2,134,474 to match its employees’ contributions, providing an employer match rate of 29.35% of their contributions

In 2022, the total retirement plan asset growth rate of FAULKNER GROUP 401(K) PLAN is -9.72%

In 2022, the estimated aggregate retirement account investment gain/loss for FAULKNER GROUP 401(K) PLAN is -14.82%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FAULKNER GROUP 401(K) PLAN is 0.33%.

Enrollment Features

FAULKNER GROUP 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.