WFBM, LLP 401(K) PLAN

At the end of 2022, the total retirement plan assets of WFBM, LLP 401(K) PLAN is $21,585,820.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in WFBM, LLP 401(K) PLAN is 161

In 2022, the average participant retirement account value for WFBM, LLP 401(K) PLAN is $134,073

In 2022, the estimated average employee contribution amount per participant for WFBM, LLP 401(K) PLAN is $6,551

In 2022, the estimated average employer match for an employee in WFBM, LLP 401(K) PLAN is approximately $409

In 2022, WFBM, LLP 401(K) PLAN allocates $65,855 to match its employees’ contributions, providing an employer match rate of 6.53% of their contributions

In 2022, the total retirement plan asset growth rate of WFBM, LLP 401(K) PLAN is -17.04%

In 2022, the estimated aggregate retirement account investment gain/loss for WFBM, LLP 401(K) PLAN is -18.73%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of WFBM, LLP 401(K) PLAN is 0.25%.

Enrollment Features

WFBM, LLP 401(K) PLAN 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.