ABS RETIREMENT SAVINGS PLAN

At the end of 2021, the total retirement plan assets of ABS RETIREMENT SAVINGS PLAN is $10,607,847.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in ABS RETIREMENT SAVINGS PLAN is 768

In 2021, the average participant retirement account value for ABS RETIREMENT SAVINGS PLAN is $13,812

In 2021, the estimated average employee contribution amount per participant for ABS RETIREMENT SAVINGS PLAN is $1,529

In 2021, the estimated average employer match for an employee in ABS RETIREMENT SAVINGS PLAN is approximately $722

In 2021, ABS RETIREMENT SAVINGS PLAN allocates $554,546 to match its employees’ contributions, providing an employer match rate of 47.20% of their contributions

In 2021, the total retirement plan asset growth rate of ABS RETIREMENT SAVINGS PLAN is 244.25%

In 2021, the estimated aggregate retirement account investment gain/loss for ABS RETIREMENT SAVINGS PLAN is 132.09%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of ABS RETIREMENT SAVINGS PLAN is 0.78%.

Enrollment Features

ABS RETIREMENT SAVINGS 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.