SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES

At the end of 2021, the total retirement plan assets of SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES is $10,797,690.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES is 305

In 2021, the average participant retirement account value for SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES is $35,402

In 2021, the estimated average employee contribution amount per participant for SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES is $3,424

In 2021, the estimated average employer match for an employee in SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES is approximately $1,585

In 2021, SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES allocates $483,657 to match its employees’ contributions, providing an employer match rate of 46.30% of their contributions

In 2021, the total retirement plan asset growth rate of SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES is 31.68%

In 2021, the estimated aggregate retirement account investment gain/loss for SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES is 15.83%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES is 0.04%.

Enrollment Features

SAFE HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COMMUNITY INITIATIVES 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.