FAYETTE RESOURCES, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of FAYETTE RESOURCES, INC. 401(K) PLAN is $4,237,001.This plan was established in 2021.

At the end of 2022, the total number of retirement plan participants in FAYETTE RESOURCES, INC. 401(K) PLAN is 742

In 2022, the average participant retirement account value for FAYETTE RESOURCES, INC. 401(K) PLAN is $5,710

In 2022, the estimated average employee contribution amount per participant for FAYETTE RESOURCES, INC. 401(K) PLAN is $897

In 2022, the estimated average employer match for an employee in FAYETTE RESOURCES, INC. 401(K) PLAN is approximately $625

In 2022, FAYETTE RESOURCES, INC. 401(K) PLAN allocates $464,455 to match its employees’ contributions, providing an employer match rate of 66.61% of their contributions

In 2022, the total retirement plan asset growth rate of FAYETTE RESOURCES, INC. 401(K) PLAN is 9.14%

In 2022, the estimated aggregate retirement account investment gain/loss for FAYETTE RESOURCES, INC. 401(K) PLAN is -12.03%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FAYETTE RESOURCES, INC. 401(K) PLAN is 0.90%.

Enrollment Features

FAYETTE RESOURCES, 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.