RAYMOND MARTIN PROFIT SHARING 401(K) PLAN

At the end of 2022, the total retirement plan assets of RAYMOND MARTIN PROFIT SHARING 401(K) PLAN is $44,576,505.This plan was established in 1992.

At the end of 2022, the total number of retirement plan participants in RAYMOND MARTIN PROFIT SHARING 401(K) PLAN is 948

In 2022, the average participant retirement account value for RAYMOND MARTIN PROFIT SHARING 401(K) PLAN is $47,021

In 2022, the estimated average employee contribution amount per participant for RAYMOND MARTIN PROFIT SHARING 401(K) PLAN is $3,902

In 2022, the estimated average employer match for an employee in RAYMOND MARTIN PROFIT SHARING 401(K) PLAN is approximately $735

In 2022, RAYMOND MARTIN PROFIT SHARING 401(K) PLAN allocates $697,573 to match its employees’ contributions, providing an employer match rate of 18.24% of their contributions

In 2022, the total retirement plan asset growth rate of RAYMOND MARTIN PROFIT SHARING 401(K) PLAN is -19.77%

In 2022, the estimated aggregate retirement account investment gain/loss for RAYMOND MARTIN PROFIT SHARING 401(K) PLAN is -17.65%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of RAYMOND MARTIN PROFIT SHARING 401(K) PLAN is 0.06%.

Enrollment Features

RAYMOND MARTIN PROFIT SHARING 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.