GARVER RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of GARVER RETIREMENT PLAN is $114,287,329.This plan was established in 1973.

At the end of 2022, the total number of retirement plan participants in GARVER RETIREMENT PLAN is 1090

In 2022, the average participant retirement account value for GARVER RETIREMENT PLAN is $104,850

In 2022, the estimated average employee contribution amount per participant for GARVER RETIREMENT PLAN is $8,970

In 2022, the estimated average employer match for an employee in GARVER RETIREMENT PLAN is approximately $4,028

In 2022, GARVER RETIREMENT PLAN allocates $4,391,255 to match its employees’ contributions, providing an employer match rate of 47.64% of their contributions

In 2022, the total retirement plan asset growth rate of GARVER RETIREMENT PLAN is -5.76%

In 2022, the estimated aggregate retirement account investment gain/loss for GARVER RETIREMENT PLAN is -16.26%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of GARVER RETIREMENT PLAN is 0.17%.

Enrollment Features

GARVER RETIREMENT 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.