PHIFER RETIREMENT AND 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of PHIFER RETIREMENT AND 401(K) SAVINGS PLAN is $158,205,244.This plan was established in 1990.

At the end of 2022, the total number of retirement plan participants in PHIFER RETIREMENT AND 401(K) SAVINGS PLAN is 1452

In 2022, the average participant retirement account value for PHIFER RETIREMENT AND 401(K) SAVINGS PLAN is $108,956

In 2022, the estimated average employee contribution amount per participant for PHIFER RETIREMENT AND 401(K) SAVINGS PLAN is $4,205

In 2022, the estimated average employer match for an employee in PHIFER RETIREMENT AND 401(K) SAVINGS PLAN is approximately $3,542

In 2022, PHIFER RETIREMENT AND 401(K) SAVINGS PLAN allocates $5,144,196 to match its employees’ contributions, providing an employer match rate of 84.74% of their contributions

In 2022, the total retirement plan asset growth rate of PHIFER RETIREMENT AND 401(K) SAVINGS PLAN is -16.46%

In 2022, the estimated aggregate retirement account investment gain/loss for PHIFER RETIREMENT AND 401(K) SAVINGS PLAN is -13.85%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PHIFER RETIREMENT AND 401(K) SAVINGS PLAN is 0.03%.

Enrollment Features

PHIFER RETIREMENT AND 401(K) SAVINGS 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.