VARNEY AGENCY RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of VARNEY AGENCY RETIREMENT SAVINGS PLAN is $8,396,370.This plan was established in 2012.

At the end of 2022, the total number of retirement plan participants in VARNEY AGENCY RETIREMENT SAVINGS PLAN is 174

In 2022, the average participant retirement account value for VARNEY AGENCY RETIREMENT SAVINGS PLAN is $48,255

In 2022, the estimated average employee contribution amount per participant for VARNEY AGENCY RETIREMENT SAVINGS PLAN is $3,790

In 2022, the estimated average employer match for an employee in VARNEY AGENCY RETIREMENT SAVINGS PLAN is approximately $1,523

In 2022, VARNEY AGENCY RETIREMENT SAVINGS PLAN allocates $265,092 to match its employees’ contributions, providing an employer match rate of 41.50% of their contributions

In 2022, the total retirement plan asset growth rate of VARNEY AGENCY RETIREMENT SAVINGS PLAN is -8.59%

In 2022, the estimated aggregate retirement account investment gain/loss for VARNEY AGENCY RETIREMENT SAVINGS PLAN is -17.04%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of VARNEY AGENCY RETIREMENT SAVINGS PLAN is 0.67%.

Enrollment Features

VARNEY AGENCY 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.