PHIGENICS MANAGEMENT INC 401(K) PLAN

At the end of 2021, the total retirement plan assets of PHIGENICS MANAGEMENT INC 401(K) PLAN is $10,458,408.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in PHIGENICS MANAGEMENT INC 401(K) PLAN is 143

In 2021, the average participant retirement account value for PHIGENICS MANAGEMENT INC 401(K) PLAN is $73,135

In 2021, the estimated average employee contribution amount per participant for PHIGENICS MANAGEMENT INC 401(K) PLAN is $6,967

In 2021, the estimated average employer match for an employee in PHIGENICS MANAGEMENT INC 401(K) PLAN is approximately $5,873

In 2021, PHIGENICS MANAGEMENT INC 401(K) PLAN allocates $839,844 to match its employees’ contributions, providing an employer match rate of 84.29% of their contributions

In 2021, the total retirement plan asset growth rate of PHIGENICS MANAGEMENT INC 401(K) PLAN is 38.87%

In 2021, the estimated aggregate retirement account investment gain/loss for PHIGENICS MANAGEMENT INC 401(K) PLAN is 16.02%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of PHIGENICS MANAGEMENT INC 401(K) PLAN is 0.02%.

Enrollment Features

PHIGENICS MANAGEMENT INC 401(K) 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.