IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN

At the end of 2022, the total retirement plan assets of IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN is $4,235,015.This plan was established in 1984.

At the end of 2022, the total number of retirement plan participants in IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN is 181

In 2022, the average participant retirement account value for IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN is $23,397

In 2022, the estimated average employee contribution amount per participant for IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN is $1,028

In 2022, the estimated average employer match for an employee in IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN is approximately $283

In 2022, IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN allocates $51,341 to match its employees’ contributions, providing an employer match rate of 27.58% of their contributions

In 2022, the total retirement plan asset growth rate of IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN is -13.91%

In 2022, the estimated aggregate retirement account investment gain/loss for IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN is -15.12%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN is 0.46%.

Enrollment Features

IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS 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.