PHASE ELECTRIC 401(K) PLAN

At the end of 2022, the total retirement plan assets of PHASE ELECTRIC 401(K) PLAN is $1,419,157.This plan was established in 2013.

At the end of 2022, the total number of retirement plan participants in PHASE ELECTRIC 401(K) PLAN is 126

In 2022, the average participant retirement account value for PHASE ELECTRIC 401(K) PLAN is $11,263

In 2022, the estimated average employee contribution amount per participant for PHASE ELECTRIC 401(K) PLAN is $3,863

In 2022, the estimated average employer match for an employee in PHASE ELECTRIC 401(K) PLAN is approximately $729

In 2022, PHASE ELECTRIC 401(K) PLAN allocates $91,938 to match its employees’ contributions, providing an employer match rate of 37.78% of their contributions

In 2022, the total retirement plan asset growth rate of PHASE ELECTRIC 401(K) PLAN is 0.26%

In 2022, the estimated aggregate retirement account investment gain/loss for PHASE ELECTRIC 401(K) PLAN is -20.48%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PHASE ELECTRIC 401(K) PLAN is 0.28%.

Enrollment Features

PHASE ELECTRIC 401(K) 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.