IAERO GROUP 401(K)

At the end of 2022, the total retirement plan assets of IAERO GROUP 401(K) is $9,100,583.This plan was established in 2016.

At the end of 2022, the total number of retirement plan participants in IAERO GROUP 401(K) is 998

In 2022, the average participant retirement account value for IAERO GROUP 401(K) is $9,118

In 2022, the estimated average employee contribution amount per participant for IAERO GROUP 401(K) is $4,675

In 2022, the estimated average employer match for an employee in IAERO GROUP 401(K) is approximately $1,942

In 2022, IAERO GROUP 401(K) allocates $1,938,177 to match its employees’ contributions, providing an employer match rate of 49.98% of their contributions

In 2022, the total retirement plan asset growth rate of IAERO GROUP 401(K) is 51.60%

In 2022, the estimated aggregate retirement account investment gain/loss for IAERO GROUP 401(K) is -23.48%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IAERO GROUP 401(K) is 0.94%.

Enrollment Features

IAERO GROUP 401(K) 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.