ZIPWHIP INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of ZIPWHIP INC. 401(K) PLAN is $15,049,115.This plan was established in 2016.

At the end of 2022, the total number of retirement plan participants in ZIPWHIP INC. 401(K) PLAN is 328

In 2022, the average participant retirement account value for ZIPWHIP INC. 401(K) PLAN is $45,881

In 2022, the estimated average employee contribution amount per participant for ZIPWHIP INC. 401(K) PLAN is $10,314

In 2022, the estimated average employer match for an employee in ZIPWHIP INC. 401(K) PLAN is approximately $4,136

In 2022, ZIPWHIP INC. 401(K) PLAN allocates $1,356,845 to match its employees’ contributions, providing an employer match rate of 40.73% of their contributions

In 2022, the total retirement plan asset growth rate of ZIPWHIP INC. 401(K) PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for ZIPWHIP INC. 401(K) PLAN is 5.34%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ZIPWHIP INC. 401(K) PLAN is 0.14%.

Enrollment Features

ZIPWHIP INC. 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.