IVC 401(K) PLAN

At the end of 2022, the total retirement plan assets of IVC 401(K) PLAN is $82,273,675.This plan was established in 2010.

At the end of 2022, the total number of retirement plan participants in IVC 401(K) PLAN is 1082

In 2022, the average participant retirement account value for IVC 401(K) PLAN is $76,038

In 2022, the estimated average employee contribution amount per participant for IVC 401(K) PLAN is $4,660

In 2022, the estimated average employer match for an employee in IVC 401(K) PLAN is approximately $1,739

In 2022, IVC 401(K) PLAN allocates $1,881,806 to match its employees’ contributions, providing an employer match rate of 33.89% of their contributions

In 2022, the total retirement plan asset growth rate of IVC 401(K) PLAN is 39.65%

In 2022, the estimated aggregate retirement account investment gain/loss for IVC 401(K) PLAN is 42.68%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IVC 401(K) PLAN is 0.26%.

Enrollment Features

IVC 401(K) 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.