PAYDAY BENEFITS RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of PAYDAY BENEFITS RETIREMENT PLAN is $2,199,409.This plan was established in 2011.

At the end of 2022, the total number of retirement plan participants in PAYDAY BENEFITS RETIREMENT PLAN is 734

In 2022, the average participant retirement account value for PAYDAY BENEFITS RETIREMENT PLAN is $2,996

In 2022, the estimated average employee contribution amount per participant for PAYDAY BENEFITS RETIREMENT PLAN is $586

In 2022, the estimated average employer match for an employee in PAYDAY BENEFITS RETIREMENT PLAN is approximately $189

In 2022, PAYDAY BENEFITS RETIREMENT PLAN allocates $138,899 to match its employees’ contributions, providing an employer match rate of 39.25% of their contributions

In 2022, the total retirement plan asset growth rate of PAYDAY BENEFITS RETIREMENT PLAN is 0.68%

In 2022, the estimated aggregate retirement account investment gain/loss for PAYDAY BENEFITS RETIREMENT PLAN is -15.52%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PAYDAY BENEFITS RETIREMENT PLAN is 0.86%.

Enrollment Features

PAYDAY BENEFITS RETIREMENT 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.