IFB 401(K) PLAN

At the end of 2022, the total retirement plan assets of IFB 401(K) PLAN is $4,228,738.This plan was established in 1998.

At the end of 2022, the total number of retirement plan participants in IFB 401(K) PLAN is 124

In 2022, the average participant retirement account value for IFB 401(K) PLAN is $34,102

In 2022, the estimated average employee contribution amount per participant for IFB 401(K) PLAN is $3,621

In 2022, the estimated average employer match for an employee in IFB 401(K) PLAN is approximately $2,069

In 2022, IFB 401(K) PLAN allocates $256,641 to match its employees’ contributions, providing an employer match rate of 52.89% of their contributions

In 2022, the total retirement plan asset growth rate of IFB 401(K) PLAN is -18.78%

In 2022, the estimated aggregate retirement account investment gain/loss for IFB 401(K) PLAN is -19.55%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IFB 401(K) PLAN is 0.29%.

Enrollment Features

IFB 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.