IFES 401K PLAN

At the end of 2022, the total retirement plan assets of IFES 401K PLAN is $21,477,343.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in IFES 401K PLAN is 319

In 2022, the average participant retirement account value for IFES 401K PLAN is $67,327

In 2022, the estimated average employee contribution amount per participant for IFES 401K PLAN is $4,667

In 2022, the estimated average employer match for an employee in IFES 401K PLAN is approximately $3,503

In 2022, IFES 401K PLAN allocates $1,117,760 to match its employees’ contributions, providing an employer match rate of 78.01% of their contributions

In 2022, the total retirement plan asset growth rate of IFES 401K PLAN is -8.47%

In 2022, the estimated aggregate retirement account investment gain/loss for IFES 401K PLAN is -15.88%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IFES 401K PLAN is 0.01%.

Enrollment Features

IFES 401K 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.