RAINBOWS UNITED 401(K) PLAN

At the end of 2022, the total retirement plan assets of RAINBOWS UNITED 401(K) PLAN is $7,517,236.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in RAINBOWS UNITED 401(K) PLAN is 212

In 2022, the average participant retirement account value for RAINBOWS UNITED 401(K) PLAN is $35,458

In 2022, the estimated average employee contribution amount per participant for RAINBOWS UNITED 401(K) PLAN is $2,698

In 2022, the estimated average employer match for an employee in RAINBOWS UNITED 401(K) PLAN is approximately $750

In 2022, RAINBOWS UNITED 401(K) PLAN allocates $159,148 to match its employees’ contributions, providing an employer match rate of 29.27% of their contributions

In 2022, the total retirement plan asset growth rate of RAINBOWS UNITED 401(K) PLAN is -31.68%

In 2022, the estimated aggregate retirement account investment gain/loss for RAINBOWS UNITED 401(K) PLAN is -17.30%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of RAINBOWS UNITED 401(K) PLAN is 0.56%.

Enrollment Features

RAINBOWS UNITED 401(K) 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.