PLANK ENTERPRISES, INC. PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of PLANK ENTERPRISES, INC. PROFIT SHARING PLAN is $12,392,529.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in PLANK ENTERPRISES, INC. PROFIT SHARING PLAN is 128

In 2022, the average participant retirement account value for PLANK ENTERPRISES, INC. PROFIT SHARING PLAN is $96,816

In 2022, the estimated average employee contribution amount per participant for PLANK ENTERPRISES, INC. PROFIT SHARING PLAN is $3,993

In 2022, the estimated average employer match for an employee in PLANK ENTERPRISES, INC. PROFIT SHARING PLAN is approximately $1,326

In 2022, PLANK ENTERPRISES, INC. PROFIT SHARING PLAN allocates $169,837 to match its employees’ contributions, providing an employer match rate of 32.22% of their contributions

In 2022, the total retirement plan asset growth rate of PLANK ENTERPRISES, INC. PROFIT SHARING PLAN is -21.09%

In 2022, the estimated aggregate retirement account investment gain/loss for PLANK ENTERPRISES, INC. PROFIT SHARING PLAN is -23.09%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PLANK ENTERPRISES, INC. PROFIT SHARING PLAN is 0.44%.

Enrollment Features

PLANK ENTERPRISES, INC. PROFIT SHARING 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.