TAX FAVORED SAVINGS PROGRAM

At the end of 2022, the total retirement plan assets of TAX FAVORED SAVINGS PROGRAM is $87,941,329.This plan was established in 1985.

At the end of 2022, the total number of retirement plan participants in TAX FAVORED SAVINGS PROGRAM is 749

In 2022, the average participant retirement account value for TAX FAVORED SAVINGS PROGRAM is $117,411

In 2022, the estimated average employee contribution amount per participant for TAX FAVORED SAVINGS PROGRAM is $4,403

In 2022, the estimated average employer match for an employee in TAX FAVORED SAVINGS PROGRAM is approximately $3,411

In 2022, TAX FAVORED SAVINGS PROGRAM allocates $2,555,326 to match its employees’ contributions, providing an employer match rate of 76.10% of their contributions

In 2022, the total retirement plan asset growth rate of TAX FAVORED SAVINGS PROGRAM is -22.10%

In 2022, the estimated aggregate retirement account investment gain/loss for TAX FAVORED SAVINGS PROGRAM is -19.48%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of TAX FAVORED SAVINGS PROGRAM is 0.10%.

Enrollment Features

TAX FAVORED SAVINGS PROGRAM 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.