VARC, INC. 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of VARC, INC. 401(K) RETIREMENT PLAN is $2,872,225.This plan was established in 2012.

At the end of 2022, the total number of retirement plan participants in VARC, INC. 401(K) RETIREMENT PLAN is 253

In 2022, the average participant retirement account value for VARC, INC. 401(K) RETIREMENT PLAN is $11,352

In 2022, the estimated average employee contribution amount per participant for VARC, INC. 401(K) RETIREMENT PLAN is $439

In 2022, the estimated average employer match for an employee in VARC, INC. 401(K) RETIREMENT PLAN is approximately $279

In 2022, VARC, INC. 401(K) RETIREMENT PLAN allocates $70,617 to match its employees’ contributions, providing an employer match rate of 62.83% of their contributions

In 2022, the total retirement plan asset growth rate of VARC, INC. 401(K) RETIREMENT PLAN is -23.80%

In 2022, the estimated aggregate retirement account investment gain/loss for VARC, INC. 401(K) RETIREMENT PLAN is -15.09%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of VARC, INC. 401(K) RETIREMENT PLAN is 0.53%.

Enrollment Features

VARC, INC. 401(K) RETIREMENT 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.