PHB, INC. EMPLOYEES PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of PHB, INC. EMPLOYEES PROFIT SHARING PLAN is $23,638,962.This plan was established in 1954.

At the end of 2022, the total number of retirement plan participants in PHB, INC. EMPLOYEES PROFIT SHARING PLAN is 289

In 2022, the average participant retirement account value for PHB, INC. EMPLOYEES PROFIT SHARING PLAN is $81,795

In 2022, the estimated average employee contribution amount per participant for PHB, INC. EMPLOYEES PROFIT SHARING PLAN is $2,306

In 2022, the estimated average employer match for an employee in PHB, INC. EMPLOYEES PROFIT SHARING PLAN is approximately $1,172

In 2022, PHB, INC. EMPLOYEES PROFIT SHARING PLAN allocates $338,820 to match its employees’ contributions, providing an employer match rate of 50.57% of their contributions

In 2022, the total retirement plan asset growth rate of PHB, INC. EMPLOYEES PROFIT SHARING PLAN is -24.29%

In 2022, the estimated aggregate retirement account investment gain/loss for PHB, INC. EMPLOYEES PROFIT SHARING PLAN is -17.31%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PHB, INC. EMPLOYEES PROFIT SHARING PLAN is 0.05%.

Enrollment Features

PHB, INC. EMPLOYEES PROFIT SHARING 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.