SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN is $1,763,227.This plan was established in 2022.

At the end of 2022, the total number of retirement plan participants in SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN is 196

In 2022, the average participant retirement account value for SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN is $8,996

In 2022, the estimated average employee contribution amount per participant for SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN is $624

In 2022, the estimated average employer match for an employee in SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN is approximately $507

In 2022, SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN allocates $99,419 to match its employees’ contributions, providing an employer match rate of 81.26% of their contributions

In 2022, the total retirement plan asset growth rate of SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN is -7.20%

In 2022, the estimated aggregate retirement account investment gain/loss for SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN is -13.65%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS PLAN is 1.40%.

Enrollment Features

SALEM CHRISTIAN HOMES 403(B) RETIREMENT SAVINGS 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.