JARP EMPLOYEES RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of JARP EMPLOYEES RETIREMENT PLAN is $17,401,789.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in JARP EMPLOYEES RETIREMENT PLAN is 194

In 2022, the average participant retirement account value for JARP EMPLOYEES RETIREMENT PLAN is $89,699

In 2022, the estimated average employee contribution amount per participant for JARP EMPLOYEES RETIREMENT PLAN is $2,997

In 2022, the estimated average employer match for an employee in JARP EMPLOYEES RETIREMENT PLAN is approximately $1,332

In 2022, JARP EMPLOYEES RETIREMENT PLAN allocates $258,457 to match its employees’ contributions, providing an employer match rate of 41.66% of their contributions

In 2022, the total retirement plan asset growth rate of JARP EMPLOYEES RETIREMENT PLAN is -16.56%

In 2022, the estimated aggregate retirement account investment gain/loss for JARP EMPLOYEES RETIREMENT PLAN is -13.22%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of JARP EMPLOYEES RETIREMENT PLAN is 0.39%.

Enrollment Features

JARP EMPLOYEES RETIREMENT 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.