RAI 401K SAVINGS PLAN

At the end of 2022, the total retirement plan assets of RAI 401K SAVINGS PLAN is $1,835,007,086.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in RAI 401K SAVINGS PLAN is 8734

In 2022, the average participant retirement account value for RAI 401K SAVINGS PLAN is $210,099

In 2022, the estimated average employee contribution amount per participant for RAI 401K SAVINGS PLAN is $5,242

In 2022, the estimated average employer match for an employee in RAI 401K SAVINGS PLAN is approximately $4,395

In 2022, RAI 401K SAVINGS PLAN allocates $38,387,610 to match its employees’ contributions, providing an employer match rate of 83.38% of their contributions

In 2022, the total retirement plan asset growth rate of RAI 401K SAVINGS PLAN is -18.44%

In 2022, the estimated aggregate retirement account investment gain/loss for RAI 401K SAVINGS PLAN is -12.80%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of RAI 401K SAVINGS PLAN is 0.02%.

Enrollment Features

RAI 401K SAVINGS 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.