NAPPEN 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of NAPPEN 401(K) RETIREMENT PLAN is $8,973,754.This plan was established in 1999.

At the end of 2022, the total number of retirement plan participants in NAPPEN 401(K) RETIREMENT PLAN is 140

In 2022, the average participant retirement account value for NAPPEN 401(K) RETIREMENT PLAN is $64,098

In 2022, the estimated average employee contribution amount per participant for NAPPEN 401(K) RETIREMENT PLAN is $4,579

In 2022, the estimated average employer match for an employee in NAPPEN 401(K) RETIREMENT PLAN is approximately $692

In 2022, NAPPEN 401(K) RETIREMENT PLAN allocates $96,947 to match its employees’ contributions, providing an employer match rate of 15.01% of their contributions

In 2022, the total retirement plan asset growth rate of NAPPEN 401(K) RETIREMENT PLAN is -16.00%

In 2022, the estimated aggregate retirement account investment gain/loss for NAPPEN 401(K) RETIREMENT PLAN is -17.44%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of NAPPEN 401(K) RETIREMENT PLAN is 0.60%.

Enrollment Features

NAPPEN 401(K) RETIREMENT 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.